China is set to enhance the service capabilities of its cross-border e-commerce businesses and promote the high-quality growth of overseas warehouses to further optimize its foreign trade structures and create new advantages in international economic cooperation, according to a policy guideline released by the Ministry of Commerce on Tuesday.
The government plans to coordinate the use of existing financial channels to support the development of businesses involved in overseas warehouses, as stated by the ministry's department of foreign trade. The new policy, jointly released by nine government branches, including the Ministry of Commerce and the National Development and Reform Commission, encourages local authorities to leverage existing equity investment fund resources. These funds will be used to explore the establishment of industry development funds in a market-oriented manner and strengthen support for overseas warehouse operators.
The guideline also highlights China’s encouragement for qualified cross-border e-commerce companies to build sales networks and brand operation centers in overseas markets. This initiative aims to enhance brand cultivation capabilities and expand their global presence.
By the end of May, China had more than 120,000 cross-border e-commerce entities, over 1,000 cross-border e-commerce industrial parks, and over 2,500 overseas warehouses covering a total area of over 30 million square meters, according to data from the Commerce Ministry. Among these, more than 1,800 overseas warehouses, covering 22 million square meters, are dedicated to cross-border e-commerce trade.
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