BEIJING, June 12 (Reuters): China on Tuesday issued draft rules to promote construction of overseas warehouses and expand cross-border e-commerce businesses, which have become a vital force in its foreign trade, according to the Chinese commerce ministry.
Companies including Shein, PDD Holdings' Temu and Alibaba's AliExpress, which predominantly ship made-in-China products "cross border" to markets around the world have been rapidly growing in recent years.
This has opened a new avenue for growth for some firms previously focused on domestic consumption, which remains muted by a macroeconomic slowdown, prolonged property crisis and income insecurity.
The commerce ministry's announcement, which covered draft rules for both inbound cross-border e-commerce as well as outbound, said it would also seek to improve cross-border data management and optimise the supervision of cross-border exports.
China issues draft rules to expand cross-border e-commerce
FE Team | Published: June 12, 2024 23:55:47
China issues draft rules to expand cross-border e-commerce
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