Cross-border e-commerce has received support from the Chinese government

　　#Laogao E-commerce News# The Chinese government has released the latest guidance on cross-border e-commerce rules in the world's second largest economy, making stakeholders clearer about potential changes in policies linked to the past year.

　　In a statement issued on March 17, the Ministry of Commerce of China stated that overseas goods purchased online through duty-free warehouses will continue to receive certain preferential treatment to avoid problems that may lead to the suspension of imports of many popular foreign products and some quarantine and quality inspections.

　　"We believe this policy measure injects confidence into China's cross-border e-commerce industry as it demonstrates China's Ministry of Commerce's determination to provide regulatory clarity and stimulate economic growth," Deborah Weinswig, general manager of retail and technology at Fung Global said in an email.

　　Dennis Donalds, CEO of Voyage One, a Los Angeles-based e-commerce service provider, agreed: “Reassure everyone, including our customers, and let them know that this is what the Chinese government continues to support.”

　　The government said it may issue further guidance for cross-border e-commerce before the current rules are formally laid down on January 1, a notice that will provide stakeholders with a longer runway in preparation for any potential changes.

　　Alibaba is a well-known e-commerce player in China so far, and the news means online purchase of overseas goods will continue to increase. Market research firm eMarketer predicts that the industry will reach $157.7 billion by 2020 from about $86 billion last year.

　　Ouyang Cheng, director of Alibaba's Multinational E-Commerce Research Center, said: The industry has announced a "positive signal". Ouyang Cheng said "the government is pumping water into the pond to raise fish", which means Beijing is making room for cross-border e-commerce. Meanwhile, the government will continue to adjust industry regulations so that stakeholders can take advantage of emerging foreign commodity sales channels.

　　Some announcements also include the addition of five duty-free warehouse pilot areas or pilot areas in Dalian, Hefei, Chengdu, Qingdao and Suzhou, with a total of 15. Wardle said the additional areas will be able to deliver faster and reduce shipping costs, which is very good for consumers.

　　Meanwhile, Wardle expects policy updates to be combined with existing hybrid power, as well as suggestions from major multinational e-commerce agencies, such as Alibaba's cross-border shopping site Tmall Global. He said that such models are beneficial to consumers and brand promotion.

　　Regardless of the change, Ward said he suspected regulators would look back on progress in China's cross-border e-commerce industry. Stakeholders have invested heavily in infrastructure and resources, while consumers are looking forward to buying foreign goods they want to obtain. "The floodgates are already open, and it's hard to pull everything back," he said.

　　In this new era of information globalization, economic globalization, transfer of global economic centers, and transformation of business models, global e-commerce is booming.

　　my country's economy must keep up with the pace of global trade and integrate into the new economic system. Cross-border e-commerce is the fastest way to do it well and the fastest way. At this time, the Chinese government's support for cross-border e-commerce is in response to the call of the new era and has clarified the way for individuals and enterprises who are doing cross-border e-commerce and are preparing to do cross-border e-commerce.

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