China Reveals Draft Rules to Promote Cross-Border E-commerce

Shein and PDD

On Tuesday, China issued draft rules aimed at promoting the construction of overseas warehouses and expanding cross-border e-commerce businesses, which have become a crucial component of its foreign trade, according to the Chinese commerce ministry.

China E-commerce

Companies such as Shein, PDD Holdings’ Temu, and Alibaba’s AliExpress, which primarily ship made-in-China products to markets worldwide, have seen rapid growth in recent years.

This expansion has created a new growth avenue for firms that were previously focused on domestic consumption, which has been subdued by macroeconomic slowdowns, a prolonged property crisis, and income insecurity.

China E-commerce

The commerce ministry’s announcement, covering draft rules for both inbound and outbound cross-border e-commerce, stated that it would also aim to improve cross-border data management and optimize the supervision of cross-border exports.

Additionally, national ministries and government departments will facilitate financing channels and support cross-border e-commerce companies in their efforts to “go global,” the ministry said.

Nate O'Hara
Nathan is a seasoned commerce writer with a passion for unraveling the intricacies of the business world and distilling them into engaging narratives. During his academic journey, he delved deep into subjects like economics, marketing, and entrepreneurship, honing his analytical skills and developing a keen understanding of market dynamics.