BEIJING, Jan. 3 (Xinhua) -- Yiwu, China's largest small commodity hub in east China's Zhejiang Province has seen 10,278 deals of the cross-border e-commerce bonded import busineess on the first day of its launch, official data showed.
On January 1, the major commodities under the business included baby diapers, skin care products and cosmetics, mainly imported from Republic of Korea (ROK), Japan, and Australia.
The cross-border bonded import business has been working as a stock-up model for e-commerce platforms in Yiwu. Under the model, the platforms can import the goods based on market forecast and consumer demands, and temporiaily store them in the domestic customers supervision zones for subsequent delivery to the consumers, according to Wang Birong, director of Yiwu Commerce Bureau.
Wang added that this business model have advantages in customs clearance efficiency, logistics cost and customer consuming experiences, as well as decreased the cost for e-commerce enterprises.
Yiwu exports about 1.5 million post parcels to the worldwide each day, while its cross-border e-commerce imports are quite lower in volume in comparision with the exports.
It is noted that Yiwu will strive to balance import and export business in the future, to further promote the transformation and upgrading of Yiwu small commodity market. (Edited by Jiang Feifan, Hu Pingchao)
A single purchase
