China to further promote cross-border e-commerce

China is the world’s largest business-to-customer (B2C) cross-border e-commerce market. About 26 percent of global B2C transactions took place in the Chinese mainland, followed by the United States which had 21 percent, according to statistics from online payments giant Paypal.

Cross-border e-commerce has become an important force stabilizing China’s foreign trade, as its import and export value reached 1.98 trillion yuan ($312 billion) in 2021, up 15 percent year-on-year.

There are a total of 132 cross-border e-commerce pilot zones in China, covering almost all provincial-level regions from coastal industrial powerhouses such as Jiangsu, Zhejiang and Guangdong to inland areas.

China is ramping up efforts to promote global cooperation in e-commerce and has established long-term bilateral e-commerce cooperation with more than 20 countries.

By now, China has built more than 2,000 overseas warehouses, with their total area exceeding 16,000,000 square meters.