China to en­cour­age im­port goods sales

Shanghai Daily - - CIIE - Ding Yin­ing

CHINA will con­tinue to en­cour­age new means of im­port goods sales such as those through on­line chan­nels to boost do­mes­tic con­sump­tion, ac­cord­ing to the Min­istry of Com­merce.

It is work­ing with rel­e­vant gov­ern­ment au­thor­i­ties to op­ti­mize reg­u­la­tory mea­sures for cross-bor­der im­port sales and will con­tinue to en­cour­age in­no­va­tive meth­ods as well as in­clu­sive pol­icy schemes to en­sure sta­ble tran­si­tion when a pi­lot pro­gram turns into of­fi­cial rules, Qian Fan­gli, di­rec­tor gen­eral of the min­istry’s ecom­merce and in­for­ma­tion de­part­ment, told a press brief­ing at the China In­ter­na­tional Im­port Expo on Wed­nes­day.

Cross-bor­der e-com­merce sales in the first eight months of this year reached 48.97 bil­lion yuan. Last year trans­ac­tions stood at 56.59 bil­lion yuan, 1.2 times more than the year be­fore.

China has also es­tab­lished bi­lat­eral trade mech­a­nisms with 15 coun­tries to boost e-com­merce and pro­mote col­lab­o­ra­tion, Qian said, and China’s on­line re­tail­ing chan­nel has been an im­por­tant means to broaden the range of prod­ucts avail­able for con­sumers.

On­line re­tail­ers have am­bi­tious plans to source im­port mer­chan­dise rang­ing from food, per­sonal care and beauty prod­ucts to cater to the de­mand for high-qual­ity in­ter­na­tional prod­ucts.

Alibaba Group has made a com­mit­ment to help im­port US$200 bil­lion worth of goods from more than 120 coun­tries over the next five years.

“Glob­al­iza­tion is one of Alibaba’s most crit­i­cal long-term growth strate­gies. We are build­ing the fu­ture in­fra­struc­ture of com­merce to re­al­ize a glob­al­ized dig­i­tal econ­omy where trade is pos­si­ble for ev­ery coun­try around the world,” said Daniel Zhang, the group’s CEO.

The top coun­tries for Alibaba’s im­port ef­forts in­clude Ger­many, Ja­pan, Aus­tralia, the US and South Korea.

NetEase’s im­port unit Kaola and Sun­ing Com­merce Co are among the com­pa­nies sign­ing con­tracts with overseas mer­chants.

Sun­ing Hold­ing Group vice pres­i­dent Sun Weimin said it will pur­chase 120 bil­lion yuan worth of im­port goods dur­ing the CIIE and in­tro­duce 5,000 overseas brands to the do­mes­tic mar­ket.

NetEase’s cross-bor­der im­port goods plat­form Kaola said it wel­comes sta­ble poli­cies re­gard­ing the cross-bor­der re­tail­ing scheme which would fur­ther en­hance the role of e-com­merce in boost­ing con­sump­tion.

NetEase has signed pur­chas­ing con­tracts worth 20 bil­lion yuan at the CIIE, and CEO William Ding ex­pects the to­tal amount of im­ported goods sourced in the com­ing years to ex­ceed US$20 bil­lion.

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