East Chinese city constructs global cross-border e-commerce base
China's eastern e-commerce hub Hangzhou has released plans to establish itself as a global e-commerce platform by the end of 2017.
According to the Hangzhou e-commerce pilot zone development plan published last Friday by the local government, the city will establish a system of information sharing, financial services, intelligent logistics, e-commerce credit, statistical monitoring, and risk control, in order to promote cross-border e-commerce by the end of 2017.
The city will also adopt innovative measures for customs clearances, tax refunds, finance and logistics, to meet the need of global e-commerce development.
According to the plan, the city will have over 5,000 cross-border e-commerce companies, more than 10 cross-border e-commerce industrial parks and more than 20 cross-border e-commerce incubation platforms in 2017.
About $30 billion of exports and $10 billion of imports will be realized through the city's cross-border e-commerce platform.
In March 2015, China's State Council approved the setup of the China (Hangzhou) cross-border e-commerce pilot zone. The zone is expected to settle problems in cross-border e-commerce, build complete industrial chains and provide experience that can be utilized by the sector across the country.
The city will also adopt innovative measures for customs clearances, tax refunds, finance and logistics, to meet the need of global e-commerce development.
According to the plan, the city will have over 5,000 cross-border e-commerce companies, more than 10 cross-border e-commerce industrial parks and more than 20 cross-border e-commerce incubation platforms in 2017.
About $30 billion of exports and $10 billion of imports will be realized through the city's cross-border e-commerce platform.
In March 2015, China's State Council approved the setup of the China (Hangzhou) cross-border e-commerce pilot zone. The zone is expected to settle problems in cross-border e-commerce, build complete industrial chains and provide experience that can be utilized by the sector across the country.
