The total volume of foreign trade via cross-border e-commerce in the 13 pilot zones reached 163.7 billion yuan in 2016, up by more than 100 percent year-on-year. More than 400 third-party platforms were established and 20,000 cross-border e-commerce trade companies were established in the pilot zones.
The government will further reform to streamline administration, enhance compliance oversight and improve service, and improve the policy matrix for cross-border e-commerce, to boost efficiency and reduce costs of doing business.
Developing the entire value-chain of e-commerce will be a form of support measures, including establishing overseas storage facilities covering key countries and markets and logistics networks.
"We need to expand and clone good experience and practices accumulated, and lay down the rules in a timely manner. The new growth drivers' capacity to boost employment, extend the industry chain and buttress growth cannot be overestimated," the premier said.
The meeting on Wednesday also decided to support the exploration and innovation efforts by the pilot zones. Different online platforms will be integrated to better provide one-stop services to share information, regulatory credentials and enforcement resources.
Paralleled efforts will be made to match online platforms with robust offline industrial cluster development and comprehensive service provision.
The government will also step up the development of credit system in the cross-border e-commerce sector and improve mechanisms to evaluate e-commerce sector, safeguard transactions, better protect consumers, IPR and manage risks.
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