Made in China is once again popular in overseas markets, and cross border e commerce is booming

Mondo Technology Updated on 2024-01-19

Made in China, which has the unique charm of the East, is taking the Korean market by storm, and the influx of digital products into Europe and the United States is boosting overseas markets. The recent "Black Friday" shopping week not only witnessed the popularity of Yiwu Christmas supplies and warm products, but also set off a strong Chinese style. The driving force of all this is cross-border e-commerce, which has become a new engine for the growth of China's foreign trade at an astonishing rate.

The strong promotion of policies and the firm confidence of enterprises have made cross-border e-commerce a new fulcrum to promote the growth of China's foreign trade. Customs data shows that in the first three quarters of this year, China's cross-border e-commerce import and export volume was as high as 17 trillion yuan, a year-on-year increase of 144%;Of these, exports reached 13 trillion yuan, a year-on-year increase of 177%。This is all thanks to the astonishing speed of China's cross-border e-commerce development, which has grown nearly 10 times in the past five years, according to the Ministry of Commerce.

The rise of China's cross-border e-commerce is inseparable from the strong support of policies. Since the first "cross-border e-commerce" was first proposed in the work report in 2014, it has become a hot spot in the work report for ten consecutive years. ** at all levels have introduced a series of support policies to inject new vitality into the development of cross-border e-commerce. Shanghai's implementation of the "Overseas Excellent Products" action plan, Shandong's efforts to build 20 cross-border e-commerce characteristic industrial belts, and Jiangsu's construction of cross-border e-commerce industrial parks, a series of policies and measures have provided a solid foundation for the rapid development of cross-border e-commerce.

The acceleration of logistics customs clearance and the improvement of supporting services will release greater advantages and potential for China's cross-border e-commerce. The world's first live broadcast of cross-border logistics ended successfully at 8 p.m. on November 4, and it was amazing that a product from China could be delivered to consumers thousands of miles away in just 5 days. The logistics timeliness of cross-border e-commerce has refreshed the "fastest" record, from the original 60 days to the current 5 days delivery, which not only surpasses the past, but also allows consumers to enjoy a faster shopping experience.

In recent years, the relevant departments have introduced nearly 200 innovative measures to promote the comprehensive reform of comprehensive bonded zones and comprehensively improve the speed of China's cross-border e-commerce. Up to now, China has signed bilateral e-commerce cooperation memorandums with 29 countries, and has more than 1,500 cross-border e-commerce overseas warehouses with a total area of more than 19 million square meters. According to the World Bank's logistics performance data, China ranked 19th in the world in the logistics performance index and 14th in international shipping in 2022. In terms of customs clearance time, the overall customs clearance time for imported and exported goods in the country is 32 respectively02 hours and 103 hours, which is 67 shorter than in 20171% and 916%。All this undoubtedly provides a strong foundation for the take-off of China's cross-border e-commerce.

With the rapid development of cross-border e-commerce platforms, e-commerce giants such as Alibaba, Pinduoduo, JD.com, and ByteDance have increased their cross-border e-commerce business. Ali launched the foreign trade AI product "Business Assistant", Pinduoduo's Temu launched the "full custody" model, and JD Logistics accelerated its layout in the field of international ** chain. This diversified layout not only opens up a new space for the development of cross-border e-commerce, but also becomes a "new channel" for many small and medium-sized enterprises to accelerate their overseas expansion.

We export more than 400,000 parcels per day, with an average daily cargo weight of about 600 tons. As of the end of the third quarter, Duoduo cross-border has penetrated into more than 100 manufacturing industrial belts in Guangdong, Zhejiang, Shandong, Anhui and other places, and successfully promoted high-quality manufacturing products to enter more than 40 countries and regions in North America, Australia, Europe, Asia and other places, providing strong support for more than 10,000 Chinese factories to successfully go overseas.

The vigorous development of cross-border e-commerce has lowered the international professional threshold and made many small and micro enterprises become new operators. According to the data of the Ministry of Commerce, there are currently more than 100,000 cross-border e-commerce entities in China, more than 200,000 independent stations have been built, and the proportion of import and export of cross-border e-commerce goods in foreign trade has increased from less than 1% five years ago to about 5% at present. Li Mingtao, chief expert of e-commerce of the China International Electronic Commerce Center of the Ministry of Commerce, pointed out that the cross-border e-commerce platform provides a new business infrastructure for enterprises going overseas, and the construction of global channels strongly supports the rapid development of cross-border e-commerce in marketing, logistics and other services.

On the whole, Made in China is once again going global, and cross-border e-commerce is booming, which is becoming a new engine to promote the growth of China's foreign trade. The active support of policies, the efficient customs clearance of logistics, and the continuous innovation of cross-border e-commerce platforms have all provided a strong guarantee for Chinese enterprises to accelerate the "nuggets" of overseas markets. In the wave of global economic integration, China's cross-border e-commerce has become a beautiful business card for China's economic rise with its rapid development momentum, and has also injected new vitality into the world economy.

Viewpoint] The vigorous development of China's cross-border e-commerce is not only the growth of economic figures, but also the profound transformation of China's manufacturing industry and methods. The active guidance of policies has made cross-border e-commerce a new growth point for foreign trade, and the rapid acceleration of logistics has made global shopping more convenient. As a self-editor, I am full of confidence in the development of China's cross-border e-commerce, and I believe that China will continue to play an important role in the global market and inject new impetus into the national economy.

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