In Zhengzhou, capital city of central China's Henan Province and one of the second batch of such pilot cities, total foreign trade via e-commerce channels in the Zhengzhou Xinzheng Comprehensive Bonded Zone surged by 114 percent to 4.45 billion yuan (about 642 million U.S. dollars) in H1. The imports in the zone almost doubled from last year, while exports rose more than five-fold.
Because of its advantages, including online trading and contactless delivery, cross-border e-commerce has played a positive role in helping foreign trade firms cushion COVID-19 shocks as a new form of trade, said GAC spokesperson Li Kuiwen at a new conference.
On June 12, the GAC announced carrying out pilot regulations for cross-border e-commerce business-to-business exports in 10 cities starting July 1, and offering enterprises simplified export declarations and paperless customs clearance, among other supportive measures.
During the first week of the implementation, the 10 local customs checked and issued 266,000 bills of entry and declaration forms, involving 250 million yuan worth of goods, Li said.
Starting Sept. 1, the pilot regulations will be expanded to another 12 cities, the GAC announced Thursday.
As cross-border e-commerce embraced robust growth, China's foreign trade also beat market expectations in recent months, despite adverse impacts from shrinking global demand and overseas restrictive measures to contain the pandemic.
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