The China Council for the Promotion of International Trade (CCPIT) is beefing up efforts to help domestic e-commerce platforms expand globally by providing services such as training for specific topics and building bonds with foreign enterprises.
The council plans to cooperate with business associations in Russia, Brazil and countries and regions in Africa and Latin America in 2017, aiming to set up more bilateral and multilateral cross-border e-commerce platforms, Lin Shunjie, director-general of the Trade and Investment Promotion Department at the CCPIT, told a press conference in Beijing on Tuesday.
"We hope to bring high-quality products to China and sell domestic branded products to overseas markets," Lin said.
He said that the council will start strategic cooperation with domestic e-commerce platforms like eastmachinery.com and china.osell.com in 2017 and help them seek growth in the global markets via a platform that serves small and medium-sized enterprises in the Belt and Road Initiative.
Lin said that the CCPIT will work with third-party service institutions to offer Chinese companies tailored services including consultation, customs clearance, logistics, storage and cross-border payments.
The CCPIT will also employ the "Internet plus export" model to facilitate local e-commerce platforms' development in the world market.
China's e-commerce companies have developed quite well in the past few years because the country has a complete industrial chain providing abundant supplies of goods and a developed logistics system, said Li Chengdong, a Beijing-based independent industrial analyst.
"Although US-based Amazon is the largest e-commerce firm in the world, Chinese vendors run their best businesses on the platform," Li told the Global Times on Tuesday.
With rising demand from consumers overseas, domestic e-commerce platforms will grow fast across the globe in the coming years, according to Li.
(Source: Global Times)
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