"The effect of China's foreign trade transformation and structural adjustment will be further demonstrated," Gu said.
The official data shows that China's total retail imports and exports via cross-border e-commerce management platforms of customs increased by 50 percent in 2018.
"Tariff cuts have attracted more overseas quality commodities to China, and consumer goods for daily use have become one of the import priorities," said Huang Hongying, vice president of Vipshop Holdings Ltd., a Chinese online discount retailer.
"The expanded imported consumer goods market brings new opportunities for e-commerce platforms. Our foreign purchases are estimated to exceed 10 billion yuan in the future," Huang said.
China's home appliance marker Galanz exported its products to more than 70 countries and regions along the Belt and Road in 2018. About 3 million microwave ovens were exported. Demands in Southeast Asia have increased significantly, according to Liang Zhaoxian, president of the company.
Domestic appliances are one of China's major export products. Under the Belt and Road Initiative, the company plans to build more branches along the routes and bring more quality products and services to customers, he said.
China's robust economy and improved services have also provided a strong impetus for foreign companies to invest in the country. More than 60,000 foreign-funded enterprises were set up in China last year, up 69.8 percent compared with 2017, according to the Ministry of Commerce.
【国内英语资讯:Economic Watch: Private enterprises show great confidence in foreign trade】相关文章:
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