Cross-Border Online Shopping Makes Global Purchase More Convenient in Changsha
The State Council’s executive meeting was held on November 21. It decided that the current regulatory policies on cross-border e-commerce retail imports will be continued from January 1, 2019. No requirements of licensing, registration or record-filing for first-time imports will apply to the retail imports through cross-border e-commerce platforms. These goods will receive more relaxed regulation as imports for personal use. Also, implementation of this policy will be extended from 15 cities, including Hangzhou, to another 22 cities that have just established comprehensive cross-border e-commerce pilot zones, including Beijing, Shenyang, Nanjing, Wuhan, Xi’an, Xiamen, and Changsha. (Source: China Daily)
All these measures will accelerate the development of cross-border e-commerce, improve the level of openness, promote the steady growth of foreign trade, and increase consumption and employment.
As consumers have higher requirements for product quality and category, cross-border online shopping has become an important part of their life. However, consumers may worry that the delivery time of cross-border online shopping might be longer, and the quality of the products not be guaranteed. Recently, the "China (Changsha) Comprehensive Cross-Border E-Commerce Pilot Zone Implementation Plan" was published. It will provide more guarantee and support for global purchase.
The plan pointed out that the Changsha Comprehensive Pilot Zone will be built into a cross-border e-commerce entrepreneurship and innovation center, an industrial collaboration center, and a service resource center after three to five years of reform and trials. The annual imports and exports of cross-border e-commerce will reach 10 billion USD. The plan will also focus on improving logistics efficiency and consumer satisfaction. For instance, more than 10 cross-border e-commerce all-cargo air routes will be opened, mainly to America, Europe and Australia, in three to five years.
Translator: Kuang Zhenzhen
Chinese source: hunan.voc.com.cn