China approves more cross-border e-commerce pilot zones

While trying to promote the high-quality development of trade, the cabinet also stresses efforts to ensure national security, internet security, data security, and biological security to foster an amicable business environment for market entities. China’s cross-border e-commerce has been expanding much faster than overall foreign trade, and its share in overall foreign trade has gone up significantly. Since 2015, China’s State Council has established 105 cross-border e-commerce pilot zones in five batches. The new business model has become a vibrant force driving China’s foreign trade growth. Official data shows that China’s total trade in goods moved up another notch in…