China’s cross-border e-commerce to hit $1.4 trillion this year

12/05/2018

China is the world’s leader in the cross-border e-commerce market. What is the best way to approach it? Hangzhou CCEE will give you the answer

 

Chinese cross-border e-commerce transactions are expected to reach $1.4 trillion (9 trillion yuan) in 2018, which would be 40% of the global total, according to a blue paper released at a conference held in Zhengzhou.

That makes China’s e-commerce market the most active in the world, based on the paper released during the second Global Cross-border E-commerce Conference held in capital of central China’s Henan Province.

 

Chinese cross-border c-commerce transactions are expected to reach $1.4 trillion (9 trillion yuan) in 2018. There are over 4,000 registered e-commerce companies just in Henan, according to Global Times.

 

The Chinese government has stimulated growth in the sector by encouraging innovation, proving strategic supervision and adopting supportive policies, according to the paper published by the EWTO Research Institute and China Certification & Inspection Group.

EWTO Research Institute was launched in Zhengzhou in September of 2017. The Institute has created an index to evaluate a country or region’s e-commerce status based on its level of development, innovation capability, quality and safety systems, policy and business environments, as well as other related factors.

The conference kicked off May 10. Highlighting cross-border e-commerce’s role in world trade, the two-day conference had panel discussions on quality oversight and regulatory innovation, as well as standards and rules in the sector.

“The development of cross-border e-commerce could help to innovate trade patterns, lead consumption trends, create more jobs and prompt industrial restructuring,” said He Jinping, vice governor of Henan, at the opening ceremony. There are over 4,000 registered e-commerce companies just in Henan, according to Global Times.

 

Jack Ma: “the future is e-commerce”. That’s why next June thousands of industry professionals will attend CCEE in Hangzhou, Chinese “Silicon Valley”

 

The Hangzhou Cifnews Cross-border E-commerce Exhibition (CCEE) will be in June 2018, with a forecasted attendance of 50 thousand visitors from all over China and abroad. CCEE is coming for the first time to Hangzhou, China’s e-commerce capital; the event is sponsored by the Ministry of commerce of Zhejiang Province and co-organized by Cifnews and the E-commerce Promotion Committee of Zhejiang Province.

In Zhejiang Province, Hangzhou is China’s Silicon Valley. Home to the tech companies driving the Chinese economy including Alibaba, Ant Financial, and Kaola, a leading platform for cross-border e-commerce, Hangzhou is future-oriented with a storied past.

CCEE (Cifnews Cross-border E-commerce Exhibition) was established in 2017 to create a link between manufacturing and digital distribution at the global level. It registered over 45 thousand attendees in its first year, with three events in China. How Chinese e-commerce market is growing?

 

CCEE is aimed at smoothing the transition from traditional retail to “New Retail”, bridging the gap between China and global markets – and the other way around.

 

CCEE events are dedicated to factories, buyers, e-commerce operators and third-party service providers from all over the world, covering the whole supply chain. Jack Ma said: “the future is e-commerce”. China is ready to become the biggest market in the world: over a billion internet users, and projections for a middle-class that will pass 550 million people by 2022.

This is the moment where international companies can take advantage of cross-border e-commerce to enter the market.That’s why next June thousands of industry professionals will attend the Hangzhou China Cross-border E-commerce Exhibition organized by Cifnews in Hangzhou, Chinese “Silicon Valley”.

 

 

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