Cross-border E-commerce: New Engine for Foreign Trade Development

The COVID-19 pandemic has stimulated the digital transition of global foreign trade and China’s cross-border e-commerce has been growing markedly.Data shows that the total foreign trade carried out through cross-border e-commerce amounted to RMB 1.69 trillion in 2020,up by 31.1%from the previous year.     

New Features of Chinese Cross-Border E-Commerce: Branded,Refined and Diversified

China’s cross-border e-commerce industry was dynamic in 2019,with pressing requirements being laid down on capital,technology and services,and the threshold and operation difficulty of this industry being raised to a higher level.More traditional enterprises and brands began to move towards center stage,causing China’s cross-border e-commerce sector to become refined,branded,localized and diversified.It can be said that the industry has entered a transitional period and has encountered a new situation where the driving force of development is called for.     

Cross-border E-commerce Ushers in New Normal

After continuous development in the past decade,China’s cross-border e-commerce has finally taken shape.As the global economy slumped in 2020,China’s cross-border e-commerce sales rose against the negative trend.The COVID-19 pandemic has quickly changed the buying habits of all consumer groups.     

China to be World’s Largest Retail Market by 2018

E-commerce is becoming a focus for retailers and brand owners.China is expected to become the world’s largest retail market by 2018,though its retail’s growth rate is slowing,as revealed in a recent report by PwC.China retail’s growth rate has fallen from a peak of 15.6%in 2009,yet China remains irresistible to global retail chains.China is still expected to achieve average annual retail volume growth of 8.7%in the next two years.     

Building A Bridge for Foreign Trade on the Cloud

The first China Cross-Border E-commerce Trade Fair,which lasted for 3 days,came to an end at the Fuzhou Straits International Convention and Exhibition Center.As a large-scaled national exhibition,the event attracted the participation of 33 global mainstream cross-border e-commerce platforms,230 renowned cross-border e-commerce service suppliers,and 2,363 companies from 22 provinces and cities in China.     

2019 Cross-border E-commerce Financing Was on the Rise

C hinese cross-border e-commerce industry continues to show good development momentum in 2019.The comprehensive experiment zone for cross-border e-commerce has been approved and favorable policies have facilitated fast growth of the industry.Financing was active in the cross-border e-commerce capital market,with the USD 2 billion acquisition of Neteast Kaola by the Alibaba Group as the largest financing activity of the year.     

THE DIFFERENCE OF LAW ON ANTIDUMPING BETWEEN CHINA AND U.S

According to the statistics, China＇s total volume of foreign trade has exceeded 1 billion dollars in 2004. From 1997 to 2004, China began the Anti - Dumping investigation against the foreign products. Now, China is the world＇s biggest injured state of anti -dumping investigations. With the continuous come down of China＇s tariff, there are more and more dumping of foreign products in China. With increasingly severe anti - dumping lawsuits, we must be conscientious and make a good job of studying the basis of anti - dumping law and practice of the western countries, especially the USA. So that we can speed up the improve of China＇s anti - dumping legislation.     

GDPGrowth is Predicted around 8% in 2005

According to the report of Institute of Macro Economy of State Development and Reform Commission,China's GDP growth was 9.1%in 2004,and it is Predicted around 8% in 2005.It is estimated that in 2005 the whole social investment will increase around 18%.the total volume of retail sales of social con-     

Challenges Remain for Floushing Cross-border E-commerce

Since last year,the market for cross-border e-commerce has been flourishing,capital has been pouring into the market and many start-ups have emerged.However,at the same time,there are still some problems that need to be dealt with.Many cross-border e-commerce companies,but simitar products While there are many cross-     

Luxury＇ OEM chain in China

According to statistics, China＇s domestic clothing consumption averaged an annual growth rate of 14.72 percem from 2001 to 2008, 2009 growth rate is expected to remain rhore than 15 percent, althoughexposed to the international financial crisis, clothing consumption becomes a major boost to China＇s textile industry. Along with the steady and rapid development of China＇s economy, demand for textiles in automotive, construction, health, energy, aerospace, agriculture industries are also on the rise. 2008 industrial textile volume exceeded 6 million tons, accounting for 17 percent of total textile fiber processing volume in China.     

ROK, China Strive for Mutual Economic and Trade Benefits

The President of the Republic of Korea （ROK） Roh Moo-hyun announced that Korea fully recognized China＇s market economy status. Roh＇s announcement was made during a joint press conference with Chinese President Hu Jintao, who was on a state visit to ROK in November. China is now the largest trading partnet of ROK, with trade volume between the two countries expected to reach 100 billion US dollars this year. The two leaders agreed that the bilateral trade volume should be doubled to 200 billion US dollars by 2012. A significant milestone having been reached between the two countries, what kind of impact can be expected to follow from the events in regards to the bilateral economic and trade relations between China and ROK？ With such questions in mind, China＇s Foreign Trade reporters interviewed Kim Ha-joong, Ambassador of ROK to China.     

The Ongoing Year Will Be Much Better than 2020 in All Senses

During the Spring Festival of the Year of the Ox,China’s Foreign Trade invited several foreign commercial officials and leader from foreign companies to share their points of view on the changes seen in the last year,as well as their New Year’s wishes and their expectations for 2021.In 2020,the pandemic influenced everyone in the world,as summarized by Victor Cadena,Vice Chairman of the Mexican Chamber of Commerce in China:“Our organization and member companies has been influenced by COVID-19 in different ways,as has everyone.”According to Global Economy Outlook,the global economy contracted by 4.4%in 2020.All companies were faced with the challenge of how to survive the global pandemic.A survey released by the Ministry of Commerce shows that nearly 60%of foreign companies in China had an optimistic attitude.Some of our interviewees have lived in China for more than ten years;they believed the policies and measures implemented by the Chinese government were effective.However,they also found that business opportunities continued to emerge,through online meetings,data application,and innovations in medical health.The details are as follows.     

Commodity Market of China will Continue Increasing in 2005

According to the latest prediction from Ministry of Commerce, the commodity market of China will continue keeping steady growth in 2005 on the basis of fast growth in 2004. It is estimated that the total volume of retail sales of the Chinese social consumer goods will increase by about 10% and the growth of total sales amount of production means will be about 12% in 2005.It is predicted that for major agricultural products, in case of no natural     

The 70th Anniversary of the Founding of the PRC: A Grand Ceremony Showing Great Pageantry

The year 2019 marks the 70th anniversary of the founding of the People’s Republic of China,and grand national celebrations attracted the world’s attention.Chinese President Xi Jinping said that the celebration of the 70th anniversary is a grandiose show of Chinese strength and shows China thriving throughout the worlds’changes from the past 100 years.This big celebration shows to the world China’s great progress towards new achievements,and the united power of the 1.4 billion Chinese people.     

Learn from South Korea——Experiences to Cope with Weakening Export to China

Great importance has been attached to Sino-South .Korea trade relationship by the South Korean gov-ernment for the simple reason that China remains its biggest trade partner. Benefited from China＇s fast economic growth, export from South Korea to China has been rapidly growing with an average annual rate of 30.24% in the past three years. It can not be denied that China＇s appe- tite is undoubtedly one of the most important driving forces that fuels South Korea＇s economic growth. Unfortunately, with the advent of the financial turmoil, trade volume be- tween the two countries has been greatly sliding down since the end of 2008. To deal with the sour situation, a series of measures were timely released by the South Korean govern- ment to resolve the problem. Among these measures, some of them deserve our attention and bring us valuable experiences.     

Textile and apparel turnover at Canton Fair increased

According to the data of the 107th China Import and Export Fair （Canton Fair）, up to May 3, the total turn volume of textile and garments reached 2.408 billion US dollars, 11.7% growth compared to last session, and increase of 20.46% compared to the 105th Canton Fair. The turn volume of garments and accessories is 1.32 billion US dollars, 54.9% of the total volume, 4.6% up compared with the 106th Fair and 25.17% increase compared to the 105th. The fabric and raw materials of textile yarns also increased at turn volume.     

Expansion of Cross-border E-commerce Retail Pilot Zones Unleashes Positive Signals

On March 22,the Notification about the Expansion of Cross-border E-commerce Retail Import Pilot Zones and Strict Implementation of Regulation Requirements was issued,in which it is clearly mentioned that pilot zones for cross-border e-commerce retail import are being expanded.     

＂Most Difficult Year＂ Sino-Russian Bilateral Trade in 2009

Since the meeting between Rajiv Gandhi and Deng Xiaoping more than 20 years ago, China and India, have been seeking to reach a wider range of cooperative relationship. In 2008, the trade volume reached US$52 billion, making China becoming India＇s largest goods trade partner, while India became China＇s tenth largest trading partner. According to Chinese customs statistics, in November 2009, Sino-Indian bilateral trade volume reached US$3.972 billion, up 37.9% comparing the same period of last year. This is the first positive growth that the trade volume has declined continually since January in 2009.     

Four Keys of Cross-border E-commerce After Orders

Though Ms.Yang enjoys shopping online,she has had little experience buying through cross-border e-commerce platforms.For this year’s Spring Festival she wanted to try overseas online shopping when choosing gifts for her family.She chose health-care products from the U.S.for her parents,and bought her favorite cosmetics from South     

Korean Business Abroad——Korean business in china

Since China and South Korea established diplomatic ties in 1992, South Korean investment grew rapidly and soon became the main source of foreign capital in China.According to Ministry of Commerce statis- tics,as of the end of 2003,South Korea’s total actual investment in China amounted to 19,688 billion US dollars.Only in the first eight months of 2004,its actual investment in China had reached 4,661 bil- lion US dollars,more than Japan and the United States’ investment flows.