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State Council Outlines Cross-Border E-Commerce Development Priorities

A number of cross-border e-commerce pilot zones are to be established as China looks to boost foreign trade and increase its own competitiveness. The decision was taken at an executive meeting of the State Council on 20 September, which further resolved to extensively promote the two platforms deemed as essential for success in the cross-border e-commerce sector – comprehensive online services and offline industrial parks. In addition, it was agreed that greater emphasis will henceforth be placed on information sharing and the further development of both financial services and smart logistics. At the same time, priority will be given to establishing international standards for cross-border e-commerce, particularly with regard to risk prevention and control, as well as a number of other regulatory requirements.

At the same meeting, a number of cities were shortlisted for participation in the cross-border e-commerce pilot zone programme, with priority given to those with appropriately-developed infrastructure. In order to coincide with the aims of the Belt and Road Initiative, it was also agreed that the construction of intelligent connected infrastructure systems would be made a priority, while greater emphasis would also be placed on securing overseas warehousing facilities with access to all of the major international markets. Similarly, it was resolved to construct enhanced logistics networks and to strengthen the required ancillary services. Furthermore, it was agreed to extend the grace period for the regulatory measures relating to cross-border e-commerce retail imports until the end of 2018, while increased efforts would be made to upgrade the required systems.

For further details (in Chinese), please access the following link:

Li Keqiang Chairs State Council Executive Meeting to Discuss Further Expansion of Employment and Other Issues

Content provided by Picture: HKTDC Research
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