Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Agricultural Development Bank of China
Info

B&R reshapes int’l trade pattern, cross-border e-commerce boasting promising future

November 29, 2017


Abstract : Cross-border e-commerce is reshaping the international trade pattern by building an “Online Silk Road".

微信图片_20171129145359

GUANGZHOU, Nov. 29 (Xinhua) -- Cross-border e-commerce is reshaping the international trade pattern by building an “Online Silk Road,” according to experts attending the “the 21st Century Maritime Silk Road” Forum on International Communication and Chinese (Guangdong) Companies Going Global held on November 29.

 

 “The B&R Initiative will promote information technology to spread more rapidly in related countries and greatly increase the penetration rate of Internet, smart phones and e-payment, which will further boost the transformation of traditional trade pattern,” noted Song Lihong, Counsel of the General Affairs Department, Ministry of Commerce. 


Statistics showed that foreign trade volume between China and the Belt and Road (B&R) countries has amounted to 6.3 trillion yuan in 2016 and is expected to exceed 7 trillion yuan in 2017.

 

Experts believed that promoting cross-border e-commerce in a vigorous manner is an important way to facilitate unimpeded trade and financial integration. Meanwhile, cross-border e-commerce is not only a trading platform, but also serves as a bridge connecting different countries, people and cultures.

 

According to experts, south China’s Guangdong Province, one of the starting points of the maritime Silk Road, has been laying great emphasis on cross-border e-commerce and making it play an active role in implementing the B&R Initiative.

 

AliExpress, global sales platform of Alibaba Group, has over 100 million overseas buyers covering more than 220 countries and regions. Consumers from the countries and regions along the B&R route have accounted for 45.4 percent of the total.

 

Zhang Chao, vice president of XBN, another cross-border e-commerce player in China, noted that cross-border e-commerce is bound to gain steam with the deep implementation of the B&R Initiative. It will further push forward the development of logistics, credit and cross-border payment industries during the process. (Contributed by Zhang Yuan, zhangyuan11@xinhua.org)

Scan the QR code and push it to your mobile phone

Keyword: Zhuhai-Forum Zhuhai-Forum2

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial