CHINA: China to Establish 46 Pilot Zones for Cross-Border E-Commerce

摘要

The Chinese technology company Sina reported on April 8th 2020 that China will establish 46 pilot zones for cross-border e-commerce to promote stable development of foreign trade. As an emerging business form, cross-border e-commerce has been surging rapidly in recently years. From experiences in the previous 59 cross-border e-commerce pilot zones, preferential policies including tax exemption can effectively promote cross-border e-commerce development. The expansion of cross-border e-commerce pilot zones aims to allow more areas to benefit from the profits and effectively hedge against the downward pressure of foreign trade growth, said Zhao Ping, director of the international trade research department at the China Council for the Promotion of International Trade Academy. Large-scale expansion of pilot zones can also help further their role as a new growth engine for foreign trade, Zhao added. Meanwhile, the 127th session of the China Import and Export Fair, or the Canton Fair, will be held online in June, as one of the slew of measures to tackle challenges brought by the novel coronavrius pneumonia. The fair was previously scheduled between April 15 and May 5.