China's cross-border e-commerce trade rose 10.5 percent year on year to top 1.22 trillion yuan (over 170 billion U.S. dollars) in the first six months of 2024, an official from the General Administration of Customs (GAC) said on Tuesday.
The trade growth was propelled by a series of measures aimed at bolstering cross-border e-commerce in China. These measures include the establishment of pilot zones for cross-border e-commerce, the enlargement of the list of cross-border e-commerce retail imports, and continuously improved customs clearance supervision for cross-border e-commerce. "We are now working on promoting a mechanism of checking cross-border e-commerce goods for export before shipment, and expanding pilot plans for cross-free trade zone return of cross-border e-commerce retail commodities for export, to better meet the demand of customers and businesses," said Lyu Daliang, director of the GAC's Statistical Analysis Department.
Chinese brands, whether it is a traditional dress or electronic product, have growing global appeal, according to GAC's deputy chief Zhao Zenglian.
In 2023, Chinese brands saw their exports rise 9.3 percent, accounting for 21 percent of the country's total export value.
Meanwhile, China's new energy products witnessed a notable uptick in the export share.
Presently, approximately 40 percent of China's exported cars are electric vehicles, around 70 percent of exported rail locomotives are electric, and nearly 90 percent of the exported storage batteries are lithium-ion batteries.
China's cross-border e-commerce trade up 10.5 pct in first half of 2024
