The fast growth of cross-border e-commerce in recent years has become a new highlight in China’s foreign trade.
China is going to build 46 new integrated pilot zones for cross-border e-commerce around the country to help revive its pandemic-hit foreign trade, the State Council’s executive meeting chaired by Premier Li Keqiang announced on Tuesday.
“Tackling the economic impact of the outbreak abroad is a pressing task. With the tight containment measures introduced across countries, foreign trade and investment is on a downwards path,” Li said. “We must accelerate the development of cross-border e-commerce and other new models to boost foreign trade and investment.”
Chinese e-commerce giants offer support for SMEs hit by pandemicTraditional sectors such as coal and steel in foreign trade have been hit hard by the Covid-19 outbreak as governments around the world restricted travel and transport and ordered a number of cities to go into lockdown in the past months. China is now making an effort to leverage cross-border e-commerce to help foreign trade recover.
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