Cross border e-commerce becomes a new driving force for China's exports

Shanghai, December 12th (Xinhua) -- "Although market competition is becoming increasingly fierce, Chinese products still have huge development potential for going global. The diversification of global market demand and the trend of consumption upgrading provide new opportunities for Chinese enterprises," said Wang Mingming, Executive Chairman of the US China E-commerce Trade Association and President of the US Wind Thunder Group, in an interview with China News Network on the 12th. Cross border e-commerce has become a new driving force for China's exports. The latest data from the Chinese Ministry of Commerce shows that in the first three quarters of 2024, China's cross-border e-commerce imports and exports reached 1.88 trillion yuan, a year-on-year increase of 11.5%, setting a new historical high. China's manufacturing foundation, complete supply chain system, strong logistics network, and digital payment system have become unique advantages for the development of cross-border e-commerce in China. Going global through cross-border e-commerce channels has also become a "new blue ocean" in the eyes of many enterprises. Resource: 中国新闻网