Rapid Developing China Cross-border e-Commerce
According to the statistics of the Tax Administration Bureau of China (Shanghai), in the first half of 2019, the list of cross-border e-commerce retail imports in China reached 220 million, with a value of 45.65 billion yuan, up 20.9% and 24.3% respectively. In the same period, China’s import of goods trade increased by 1.4%. Imports of daily consumer goods such as cosmetics, milk powder, diapers, and foodstuffs rank among the top 131 cross-border e-commerce retail products.
Statistics also show that in the first half of 2019, Chinese consumers purchased a total of 808,000 imported goods of 2,000-5,000 yuan through a cross-border e-commerce platform, with a value of 2.317 billion yuan. The middle and high-end products such as bracelets, watches and handbags became Among them, “hot goods.”
This shows that more and more Chinese consumers are beginning to participate in cross-border e-commerce imports, and their daily life is closely related to cross-border trade.
The Tax Administration of the General Administration of Customs (Shanghai) was established in early 2019. It is mainly responsible for the tax collection and management of the national customs and electromechanical commodities, and is responsible for the cross-border e-commerce retail import business statistics.