2020 cross border e-commerce Financial Services Report From Yibang think tank

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The following is the 2020 cross border e-commerce Financial Services Report From Yibang think tank recommended by recordtrend.com. And this article belongs to the classification: Electronic Commerce, research report, Online shopping.
Cross border e-commerce is an important way to connect made in China with global consumption. The overall scale of China’s cross-border e-commerce retail exports has exceeded 1 trillion, and 70% of cross-border export enterprises will grow by more than 20% in 2019. Huang Qifan believes that by 2035, 50% of foreign trade volume is expected to be expressed in cross-border e-commerce.
In the first half of this year, national policies were intensively introduced to support cross-border e-commerce. In May, the State Council approved the establishment of 46 cross-border e-commerce comprehensive pilot zones, and the total number of cross-border e-commerce comprehensive pilot zones was expanded to 105. In the same month, the meeting of the Standing Committee of the Political Bureau of the CPC Central Committee proposed for the first time to build a “domestic and international dual cycle development pattern”; in June, the General Administration of Customs added two new regulatory codes, 9710 and 9810, corresponding to cross-border e-commerce B2B and overseas warehouse modes respectively. Cross border e-commerce is becoming a key force to drive the growth of China’s foreign trade and plays an important role in stabilizing foreign trade, stabilizing enterprises and promoting digital transformation.
Under the new situation, new modes and formats of cross-border e-commerce are rising rapidly. In addition to the traditional third-party platform mode, new scenes and modes such as live broadcast, social networking and independent station provide unprecedented opportunities for cross-border e-commerce enterprises. The first cross-border e-commerce enterprises have gone through the stage of simple sales, and began to pay attention to their own channel construction and localized operation. 50% of the enterprises have opened or plan to open independent stations, and 1 / 3 of the enterprises have set up branches overseas.
For new models such as live broadcast and independent station, sellers tend to be more dispersed and niche, and put forward higher requirements for overseas payment and cross-border collection. At present, the third-party collection tool has been widely recognized by the market for its low threshold, convenience and high efficiency. 50.5% of the sellers regard it as the main collection method. Among all the payment tools, continuous payment has become the most commonly used collection tool for cross-border sellers in China, and 23% of the sellers choose it as a common collection tool.
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