Guangzhou cross-border business booms

Guangzhou's foreign trade value of cross-border e-commerce totaled 8.56 billion yuan ($1.26 billion) over the first five months of the year, topping other cities in China, according to the latest report of Guangzhou municipal commission of commerce released on June 30.

South China's city of Guangzhou registered export and import trade value, both online and offline, at 425.81 billion yuan, increasing by 35 percent year on year, among which exports recorded 26.81 billion yuan, up 39.8 percent year on year, and imports increased by 27.6 percent to 15.77 billion yuan.

With the construction of Guangzhou's cross-border e-commerce pilot zone stepping up, the city achieved a rapid growth of its cross-border businesses, accounting for 35.1 percent of the country's total, the largest among its peers in China.

The city's cross-border e-commerce is developing at a rapid pace while being prospected to become the new economic hot spot, local media said.

Guangzhou residents browse through overseas products in local stores. [Photo by Ai Yu/ycwb.com]

The reports show that its value of exports make up for almost 60 percent of the country's total.

This year, the Guangzhou government has expanded its global exposure, attending various high-end international conferences and forums, including the World Economic Forum, China Development Forum and Boao Forum for Asia, as well as organized various roadshows to promote its business environment and urban development in 11 global cities.

The city's frequent presence of those conferences helps itself make remarkable achievements and succeed in attracting numerous investments and projects, according to Chen Jie, director of Guangzhou municipal commission of commerce.

The International Cross-border E-commerce Industry Exhibition (ICEE) and International Cross-border E-commerce Summit Forum (ICEF) will be held in Poly Exhibition Center, Guangzhou, from July 20 to 22.

Employees sort out packages in a supply chain company warehouse, based in Nansha district, Guangzhou. [Photo by Ling Hongxian/oeeee.com]

Overseas products stack the selves of a Guangzhou-based company. [Photo by Ling Hongxian/oeeee.com]