Over 10,000 Chinese enterprises veer to cross-border e-commerce

BEIJING -- More than 10,000 Chinese enterprises moved to cross-border e-commerce hubs for foreign trade in 2020, according to the Ministry of Commerce on Thursday.

With the impact of the epidemic, Chinese enterprises have prioritized cross-border e-commerce development in conducting foreign trade. The volume of imports and exports on the cross-border e-commerce platforms has grown by 31.1 percent year-on-year, said Li Xingqian, an official with the ministry.

The export volume through market procurement trade methods in the country's 31 pilot markets hit a record high of around $100 billion in 2020, said Li.

China launched the market-procurement trade trial scheme in 2014 in markets of 14 regions. They are suitable for goods exports that involve a variety of products in small batches.

The MOC will make every effort to stabilize foreign trade and work with relevant departments to increase maritime transport capacity, stabilize cargo freight in the market, and strive to enhance comprehensive foreign trade competitiveness, Li said.