NE.China Liaoning FTZ Shenyang area sees boom in cross-border e-commerce

Aerial photo taken on April 22, 2022 shows Liaoning's first international freight train that runs via the China-Laos Railway departing from Shenyang, northeast China's Liaoning Province. (Xinhua/Yang Qing)

Cross-border e-commerce trade in the Shenyang area of northeast China's Liaoning Pilot Free Trade Zone (FTZ) surged 95.8 percent year-on-year to 230 million yuan from the beginning of this year to April 24 despite the impact of Covid-19, Liaoning Daily reported on Monday.

During the same period, the Shenyang area also witnessed breakthroughs in the Business to Business (B2B) direct export model of cross-border e-commerce business and the export of overseas warehousing business.

The vigorous development of cross-border e-commerce trade in the Shenyang area continues to inject impetus into the economic development of Liaoning. According to the latest data from the Ministry of Commerce (MOC), the Shenyang area has contributed 98.2 percent of the cross-border e-commerce business volume to that of Shenyang, the capital city of Liaoning Province.  

Utilizing the policy advantages of the pilot free trade zone, the Shenyang area has built a cross-border e-commerce public service platform, a cross-border e-commerce bonded warehouse covering a total area of 30,000 square meters and opened six cross-border e-commerce international cargo charter flights in Liaoning Province.

The advantageous cross-border e-commerce industry in the Shenyang area has also attracted companies such as e-commerce giant JD.com and Cainiao Network, a global industrial internet company and logistic arm under Alibaba Group, to launch major projects here, further promoting the regional economic development of Shenyang.

While bringing benefits and convenience to consumers, the development of cross-border e-commerce in the Shenyang area has also promoted the development of regional foreign trade. Since the beginning of this year, the cross-border e-commerce export value of Shenyang area has reached 160 million yuan, a year-on-year increase of 45.4 percent.

The Shenyang area vows to make full use of the favorable policies brought by the Regional Comprehensive Economic Partnership (RCEP) agreement to further strengthen the scale and quality of the local cross-border e-commerce industry.