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Industry

E.China's Shandong pledges to enhance cross-border e-commerce development

February 19, 2019


Abstract : East China's Shandong province pledged to enhance the development of Cross-Border E-Commerce Comprehensive Pilot Area in its major marine cities include Qingdao and Weihai, according to the provincial government work report.

BEIJING, Feb. 19 (Xinhua) -- East China's Shandong province pledged to enhance the development of Cross-Border E-Commerce Comprehensive Pilot Area in its major marine cities include Qingdao and Weihai, according to the provincial government work report.

It is noted that Shandong will give full play to the policy advantages of national cross-border e-commerce comprehensive pilot areas in Qingdao and Weihai, to expand retails exports of cross-border e-commerce.

As for Qingdao, it is expected to launch online service platform for the bonded port in 2019, as well as to expand logistic channels such as sea, air, and railway to the countries and regions along the Belt and Road (B&R) routes and the Shanghai Cooperation Organization (SCO).

In 2018, the China Qingdao Cross-Border E-Commerce Comprehensive Pilot Area implemented four online supervision modes include online purchase bonded import and direct purchase import, while it achieved financing amounted to 70 million yuan for cross-border e-commerce enterprises through export order financing.

Meanwhile, Qingdao has successfully introduced 27 of cross-border e-commerce projects with a total investment nearly one billion yuan for cross-border e-commerce trading platform, integrated service platform and cross-border e-commerce logistics, such as, NetEast Koala, and Cainiao Network.

In addition, Qingdao has so far formed an overseas public warehouse system in 26 countries such as Australia and NewZealand as well as countries along the B&R, to further enhance the logistic development for cross-border e-commerce.

In July 24, 2018, the State Council approved Weihai as the pilot city of cross-border e-commerce comprehensive pilot area in Shandong. As of end of 2018, Weihai customs has examined and approved a total of 5.41 million of cross-border e-commerce retail exports lists, worth that of 2.13 million yuan.

In 2019, Weihai will set 10 million yuan of special funds for developing imports and exports as well as infrastructure for the cross-border e-commerce, at the same time strive to build a cross-border e-commerce logistics hub city in Northeast Asia through giving full play to the transportation advantages such as favorable shipping price and air freight race between Weihai and the Republic of Korea (ROK). (Edited by Jiang Feifan)

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Keyword: emerging-industry Shandong cross-border-e-commerce

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