SW.China's Chongqing launches cross-border e-commerce industry park to enhance bilateral cooperation with Singapore

Photo taken on June 17, 2022 shows the international land-sea center in southwest China's Chongqing Municipality. (Xinhua/Wang Quanchao)

The China-Singapore (Chongqing) Cross-Border E-commerce Industry Park was launched on September 23 in southwest China's Chongqing Municipality, aiming to further deepen economic and trade exchange between China and Singapore under the China-Singapore (Chongqing) Demonstration Initiative on Strategic Connectivity (CCI) project, reported Chinanews.com Sunday.

Co-constructed by the China-Singapore (Chongqing) Demonstration Initiative on Strategic Connectivity Administrative Bureau (CCIB), the People's Government of Jiangbei District in Chongqing, and the Singapore-based Alliance Investment Management, the park is expected to bring new opportunities and impetus to the development of cross-border e-commerce industry in Chongqing.

Located in Chongqing's Jiangbeizui Central Business District (CBD), with an area of about 14,000 square meters, the cross-border e-commerce industry park will build a complete chain service platform for cross-border e-commerce online comprehensive services, logistics information, financial services, payments, and cross-border e-commerce talent training.

In the next five years, the park aims to introduce 100 cross-border e-commerce export and service enterprises and incubate 400 startups with a total export volume of more than 16 billion yuan after completion.

Zeng Jinghua, Director of the CCIB, said that as a key project under CCI as well as a critical part of the New International Land-Sea Trade Corridor (ILSTC), the industry park will promote Chongqing to form a new path of cross-border e-commerce business, and build Chongqing into an international consumption center.

"Cross-border e-commerce economy is a key increment for trade transformation," said Liao Honghai, president of Alliance Investment Management, adding that the industrial park will form industrial clusters in fields such as training, logistics, and supply chain finance, and promote Chinese enterprises "going global" and the Belt and Road (B&R) countries to enter the Chinese market.