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. "Cross-border e-commerce" became a heated topic at the "Two Sessions" for a third consecutive year. The national government keeps ex-panding the scope of cross-border e-commerce comprehensive experiment zones. Recently, the Ministry of Commerce has worked with another five departments to issue the Notification about the Expansion of Cross-bor-der E-commerce Retail Import Pilot Zones and Strict Implementation of Regulation Requirements.