December 3, 2023


Business&Finance Specialists

China-ASEAN digital cross-border e-commerce initiatives launched at Silk Highway forum

2 min read
China ASEAN Photo:VCG

China ASEAN Photo:VCG

A batch of new cross-border e-commerce initiatives in between China and ASEAN were being introduced more than the weekend at the 2023 China-ASEAN Silk Highway E-commerce Forum getting held in Nanning, South China’s Guangxi Zhuang Autonomous Location.

As a sub-party less than the 20th China-ASEAN Expo and China-ASEAN Organization and Investment decision Summit, the forum aimed to boost cross-border e-commerce opportunities and the new industrial ecosystem between China and ASEAN associates. Much more than 300 governing administration representatives, authorities and scholars, field insiders, and important e-commerce system businesses from China and ASEAN member international locations participated in the forum.

New providers and tasks are getting unveiled at the discussion board. The highlights consist of the launch of a electronic channel cross-border e-commerce support center to deliver a a person-halt alternative for the increasing cross-border e-commerce assistance requirements of Chinese and ASEAN enterprises.

Also unveiled was the China-ASEAN electronic economic system industrial park e-commerce exchange heart, intended to accelerate the coaching of electronic e-commerce talent and endorse cooperation. 

The new programs will enable meet the growing need for cross-border e-commerce involving China and ASEAN, pushed by the setting up of the variation 3. of the China-ASEAN totally free trade settlement and the implementation of the Regional Comprehensive Financial Partnership, and they will choose cooperation to a new phase, Wang Peng, an associate research fellow at the Beijing Academy of Social Sciences, explained to the World Periods on Sunday.

The overall craze in latest decades has been the continuous expansion of cross-border e-commerce, with an expanding variety of sorts, Wang reported.

“In the past, it could have been much more targeted on China importing agricultural and sideline merchandise from Southeast Asia, whilst exporting a substantial number of gentle industrial items. But now there is also a considerable volume of products and services and digital trade,” Wang reported

Cooperation between Guangxi and ASEAN in e-commerce has been accelerating. In 2022, complete cross-border e-commerce trade in Guangxi stood at 17.96 billion yuan ($2.46 billion), with calendar year-on-year advancement of 89.8 p.c. Imports and exports with ASEAN members accounted for in excess of 90 percent of the complete.

In recent decades, Guangxi, bordering Vietnam, has vigorously formulated cross-border e-commerce, with 12 metropolitan areas in the autonomous area currently being permitted as nationwide thorough pilot zones for cross-border e-commerce. Eight towns are bundled in the pilot system for cross-border e-commerce retail imports. 

Furthermore, Guangxi has established up 20 cross-border e-commerce overseas warehouses in nations around the world this sort of as Thailand and Vietnam, as element of the constant endeavours to speed up the development of a cross-border e-commerce logistics system and hub center concentrating on the ASEAN location. 

Global Times page/202309/1298353.shtml