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China Extends Cross-Border E-Commerce Pilot Scheme to 24 New Cities

By Yuan Ruiyang and Mo Yelin / Dec 26, 2019 04:13 PM / Economy

China has identified another 24 cities as pilot zones for large-scale cross-border e-commerce, in an effort to boost exports by selling through online platforms. These cities include Shijiazhuang in Hebei province, Fuzhou in Fujian province, and Yantai in Shandong province, according to a statement released Tuesday by the State Council, the country’s cabinet. China had previously designated a total of 35 cities as venues for cross-border e-commerce. The new additions will extend the pilot program to most of China’s largest cities. Pilot cities typically see their companies enjoy benefits such as tax rebates and government support to set up e-commerce platforms and international logistic services, according to the State Council. Last year, China’s cross-border e-commerce transactions grew 50% to 134.7 billion yuan ($19.3 billion), according to data from the country’s customs administration. Goods sold for export grew by 67% to 56 billion yuan. Read the full story at Caixin Global later today. Contact reporter Mo Yelin (yelinmo@caixin.com)

Related: Beijing Relaxes E-Commerce Imports to Stimulate Consumer Spending


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