Reported about 1 year ago
China has released draft rules to encourage the establishment of overseas warehouses and expand cross-border e-commerce activities, particularly benefiting companies like Shein, PDD Holdings' Temu, and Alibaba's AliExpress that ship Chinese products globally. The move aims to boost foreign trade amid a domestic consumption slowdown, property crisis, and income uncertainties. The regulations also focus on enhancing cross-border data management, optimizing exports supervision, and facilitating global expansion for cross-border e-commerce firms with government support.
Source: YAHOO