China's cross-border e-commerce deals to top US$3t in 2022 | Business | China Daily

Sunday, January 03, 2021, 18:01

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China’s cross-border e-commerce deals to top US$3t in 2022

By Xinhua

Sunday, January 03, 2021, 18:01 By Xinhua

This undated photo shows salespersons promote imported wines via a cross-border e-commerce platform in Hohhot, the Inner Mongolia autonomous region. (DING GENHOU / CHINA DAILY)

BEIJING – China‘s cross-border e-commerce transactions are estimated to reach 20.5 trillion yuan (about US$3.15 trillion) in 2022, according to a report.

The country’s cross-border e-commerce sector has expanded rapidly in recent years, with small and medium-sized e-commerce platforms maintaining an annual growth rate of 30 percent, according to a report from the National Intellectual Property Administration.

The country’s cross-border e-commerce sector has expanded rapidly in recent years, with small and medium-sized e-commerce platforms maintaining an annual growth rate of 30 percent, according to a report from the National Intellectual Property Administration

Cross-border e-commerce platforms have played a prominent role in ensuring anti-COVID-19 supplies and providing international assistance amid the pandemic, the report noted.

As the sector continues to flourish, the report calls for global efforts to protect intellectual property rights to ensure smooth cross-border e-commerce transactions.

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