Aerial photo taken on Sept. 3, 2018 shows a view of a business district by the Yuehai Lake in Yinchuan, northwest China's Ningxia Hui Autonomous Region. (Xinhua/Wang Peng)
BEIJING, July 28 (Xinhua) -- The local government of northwest China's Ningxia Hui Autonomous Region recently adopted an action plan aiming at developing cross-border e-commerce in the capital city of Yinchuan, reported local newspaper on Monday.
Ningxia is expected to see a 15 percent growth of trading volume annually in the cross-border e-commerce sector by 2022. It vows to support the development of more than 100 cross-border e-commerce enterprises and cultivate more than three demonstration parks and incubation bases, according to the action plan.
Specifically, efforts will be made to implement a development model that integrates the Internet, parks and industries in Yinchuan, as well as to build cross-border e-commerce industry clusters with special customs supervision areas and building economy as carriers.
In the meantime, Yinchuan calls for cooperation among financial institutions, online payment platforms, and e-commerce enterprises to provide online foreign exchange collection and payment services for cross-border e-commerce businesses.
To speed up the construction of cross-border e-commerce logistic system, Yinchuan will expand international freight services around the countries and regions along the Belt and Road and establish multimodal transport system covering air, railway and highway.
Priorities will also be given to constructing a credit database for cross-border e-commerce enterprises.
In addition, the action plan also puts forward objectives and tasks on the risk prevention and control system of cross-border e-commerce, marketing service network, and entrepreneurial development environment in the region.
(Edited by Jiang Feifan with Xinhua Silk Road, firstname.lastname@example.org)