Qu Weixi, vice president of the Research Institute for International Trade and Economic Cooperation under the Chinese Ministry of Commerce, said that the average annual growth rate of cross-border e-commerce volume in China in the past three years was 56 percent.
Zhou provided information about cross-border e-commerce activities in China at an e-commerce forum held in Xining City, central Qinghai Province, the previous day. "Trade frictions and the COVID-19 epidemic have affected traditional international trade," said Zhou Weixi. However, the volume of cross-border e-commerce in China is growing rapidly. The increase in cross-border e-commerce has made it possible to improve the structure of traditional trade and manufacturing sectors and to develop companies active in logistics, finance and foreign trade. "Cross-border e-commerce has become one of the new growth engines for China's foreign trade."
Noting that since 2016, China has established cooperation with 22 countries in the field of e-commerce, Zhu said that cooperation in e-commerce has also increased China's level of freedom of trade with other countries.
China Radio International
Hibya Haber Ajansı