E. China's Jiangxi accelerates the development of cross-border e-commerce

Workers sort parcels at the transit center of an express delivery company in Nanchang, east China's Jiangxi Province.

East China's Jiangxi Province plans to vigorously develop cross-border e-commerce and guide enterprises to explore international markets, according to a document released by the provincial government on Thursday, reported Chinanews.com.

In recent years, Jiangxi has accelerated the cultivation of new forms and models of foreign trade such as cross-border e-commerce. The province has made it clear that by 2023, the province's cross-border e-commerce transaction volume is expected to exceed 1 billion U.S. dollars.

According to the document, Jiangxi will promote the construction of cross-border e-commerce comprehensive pilot areas in Nanchang and other cities, improve the cross-border e-commerce industry chain and ecosystem, and rely on new types of consumption to promote the deep integration of cross-border e-commerce and foreign trade.

At the same time, Jiangxi will also strengthen the construction of the single window service for international trade, build rail-sea combined transport, and unblock cheap and fast logistics channels for enterprises’ import and export trade, give full play to the role of cross-border RMB business in stabilizing foreign trade and foreign investment, and encourage enterprises in the new consumption sector to conduct trade business through cross-border RMB settlement.

The COVID-19 epidemic has brought a huge impact to traditional trade, but cross-border e-commerce has risen against the trend with its advantages in online transactions, contactless delivery, and short transaction chains, becoming an important force in stabilizing foreign trade, said Han Dahai, an official of Nanchang Customs.

Data showed that Jiangxi Province's cross-border e-commerce imports and exports reached 2.63 billion yuan in 2020, with an increase of 323.7 times.