The steady development of cross-border e-commerce promotes the resilient growth of foreign trade

September 26, 2022

Ordering, picking, packing, shipping out... Recently, the cross-border e-commerce bonded warehouse located in the Fuzhou area of the Fujian Pilot Free Trade Zone is in full swing.
This is no exception. my country's cross-border e-commerce industry has developed rapidly, and the import and export volume has continued to grow. Data can also be confirmed. Customs statistics show that in the first half of this year, the import and export volume of cross-border e-commerce reached 886.7 billion yuan, a year-on-year increase of 28.6%. The good results also benefited from my country's continuous policy support for cross-border e-commerce: a new batch of cross-border e-commerce comprehensive pilot zones were established to support overseas warehouses with greater strength... A wave of policy dividends is still on the way.
Improve quality and expand capacity, cross-border e-commerce has become a new engine of foreign trade
In recent years, my country's cross-border e-commerce industry has developed rapidly. According to customs statistics, the scale of my country's cross-border e-commerce import and export has increased by nearly 10 times in the past five years, and the scale will reach 1.92 trillion yuan in 2021, an increase of 18.6%.
According to data from the Ministry of Commerce, there are currently 132 cross-border e-commerce comprehensive pilot zones in my country, basically covering the whole country; the number of overseas warehouses exceeds 2,000, with an area of more than 16 million square meters; my country has also established a bilateral e-commerce cooperation mechanism. According to the "2022 (Part 1) China Cross-border E-commerce Market Data Report" released by the NetEase E-commerce Research Center, the size of my country's cross-border e-commerce market will reach 7.1 trillion yuan in the first half of 2022, and the market size is expected to reach 15.7 trillion yuan in 2022. Yuan.
At the local level, the development of the cross-border e-commerce market is also dizzying. In the first 8 months of this year, the import and export of cross-border e-commerce in Hubei Customs Supervision Zone was 12.547 billion yuan, a year-on-year increase of 2 times; in the first half of the year, Henan achieved an import and export transaction volume of 111.17 billion yuan, a year-on-year increase of 9.6%; Fuzhou cross-border e-commerce local port The monthly export scale has repeatedly hit new highs, with a year-on-year increase of more than 70% in July.
"Cross-border e-commerce has become a new growth point for foreign trade." Sheng Qiuping, deputy minister of the Ministry of Commerce, said that my country's cross-border e-commerce import and export scale has increased nearly 10 times in five years, and the market procurement trade export scale has increased seven times in seven years. Kinetic energy is released at an accelerated rate.
"Under the background of the current new crown pneumonia epidemic and other sudden factors, cross-border e-commerce has become a very important form of foreign trade in my country, which has played a great role in stabilizing foreign trade." Chang Zhaohaoxing, China-Africa Economic and Trade Research Institute of Zhejiang Technology and Business University, told China Business Daily Reporter, cross-border e-commerce not only brings huge development opportunities for enterprises to go out and participate in international trade, but also benefits a lot. Global consumers, make "buy the world" and "sell the world" a reality. Become an important force for smooth domestic and foreign dual circulation.
Central and local coordination policy benefits continue to be released
Increase the intensity of policies and measures to support the development of new forms of foreign trade. The executive meeting of the State Council held a few days ago proposed to promote the greater development of new foreign trade formats, establish a new batch of cross-border e-commerce comprehensive pilot zones, etc., and increase support for overseas warehouses. put up. On September 14, the 2022 National Foreign Trade Work TV and Telephone Conference held by the Ministry of Commerce proposed that it is necessary to unblock the channels for foreign trade enterprises to grab orders, support foreign trade enterprises to maintain production and contract contracts, and cultivate new foreign trade formats, new models, and new growth points.
Strengthen support for the development of new business formats and models such as cross-border e-commerce, offshore trade, and overseas warehouses - Financial Water Affairs will increase services to stabilize foreign trade. In July this year, the People's Bank of China issued the "Notice on Supporting Cross-border RMB Settlement in New Formats of Foreign Trade" to support banks and payment institutions to better serve the development of new formats of foreign trade.
In addition, all localities are also actively promoting the development of cross-border e-commerce and accelerating the cultivation of new growth points of foreign trade. For example, Guangdong issued the "Notice on Printing and Distributing the Implementation Plans of China (Shaoguan) and Other 8 Cross-border E-commerce Comprehensive Pilot Zones", focusing on targeted innovative measures in Shaoguan, Heyuan, Shanwei and other places, effectively preventing risks, and accelerating the construction of comprehensive pilot zones , to explore new experiences and new practices to promote the high-quality development of cross-border e-commerce in the province. Shandong issued the "Shandong Province Cross-border E-commerce and Other New Business Development Action Plan"
"Promoting the rapid development of new foreign trade formats including cross-border e-commerce at the policy level is an important part of the high-quality development of my country's foreign trade and is conducive to maintaining the vitality of foreign trade development." Zhao Haoxing told reporters that with the rapid development of cross-border e-commerce , the development of overseas warehouse construction has become an inevitable trend, and it has also ushered in new development opportunities. Establishing an overseas warehouse layout under a comprehensive system has become the focus of local business. At the same time, strengthening infrastructure interconnection and establishing a systematic international supply chain system has also become the focus of cross-border e-commerce.
Upstream and downstream linkages break through the difficulties of cross-border e-commerce
However, while my country's cross-border e-commerce is developing rapidly, it also faces some difficulties. In recent years, my country has taken the cultivation and development of cross-border e-commerce as an important starting point, and has made every effort to promote the high-quality development of cross-border e-commerce through a series of measures. Innovating the cultivation path, optimizing supporting services, and cultivating relevant talents, but still facing some obstacles and difficulties. .
Zhao Haoxing believes that from the perspective of supply, Chinese enterprises have a low degree of branding, relatively insufficient comprehensive capabilities, lack of professional talents, and the ability to integrate foreign trade market resources also needs to be improved. At the same time, the construction of the supply chain system is not perfect, the logistics cost remains high, and the construction of the digital trade system still needs to be strengthened.
In this regard, digital transformation remains a key measure. Wang Jian, a professor at the University of International Business and Economics and director of the International Business Research Center, believes that the essence of the digital economy is a platform economy. "Information flow" for integrated management, opening up all aspects of cross-border trade, continuously optimizing and improving the full-process business operation mode of each link, and improving overall efficiency.
In addition, "you can build a new supply chain base and a comprehensive brand innovation center that can drive foreign trade in the upstream of the industrial chain, and establish a comprehensive marketing and production capacity transfer center overseas. The upstream and downstream can develop together to create a corporate marketing position." Zhao Haoxing suggested that in China Establishing a supply-side brand center and establishing a demand-side marketing position overseas can further expand the development space of cross-border e-commerce. my country's manufacturing system is complete and complete, with strong resilience and great potential, especially in Zhejiang, Guangdong, Shandong and other places, with distinctive regional industrial clusters. Therefore, building a cross-border e-commerce system based on industrial belts is an important part of our business. and industrial base.

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