E-com­merce plat­forms play piv­otal role in im­port ex­pan­sion

Global Times US Edition - - BIZOVE -

China’s e-com­merce plat­forms have been play­ing a piv­otal role in ex­pand­ing the coun­try’s im­ports and stim­u­lat­ing do­mes­tic con­sump­tion up­grad­ing in re­cent years, sev­eral re­ports re­leased dur­ing the first China In­ter­na­tional Im­port Expo (CIIE) in Shang­hai showed.

In one re­cent move, JD.com an­nounced that it will im­port com­modi­ties val­ued at $14.47 bil­lions of yuan from a num­ber of overseas con­sumer brands in­clud­ing Ger­many-based Miji Elec­tron­ics and Ap­pli­ances, BSH Haus­geräte GmbH, Tiger, De’Longhi, Dell and Marantz.

So­cial me­dia and e-com­merce plat­form Xiao­hong­shu told the Global Times on Wed­nes­day that US-based ColourPop Cos­met­ics has opened an on­line store on its site to boost sales in the Chi­nese mar­ket.

Bai Ming, deputy di­rec­tor of the In­ter­na­tional Mar­ket Re­search In­sti­tute un­der the Min­istry of Com­merce, told the Global Times that China’s e-com­merce plat­forms are bridg­ing the de­mands of do­mes­tic con­sumers with for­eign brands, help­ing the coun­try to im­port goods of “bet­ter qual­ity” at “a faster speed.”

“Cross-bor­der e-com­merce sites are now be­com­ing the new di­rec­tion and growth driv­ers of China’s for­eign trade,” Bai added.

In 2018, im stock keep­ing u per­cent com­pare cord­ing to a rep the week­end ahe ing of the CIIE.

“E-com­merce now ris­ing to b chan­nel through con­sumers can p ed goods,” JD.co re­port re­leased o

For ex­am­ple, overseas items JD plat­form in 2018 higher than in 2

In the first h top five im­ports were smart­phon house­hold ap­plia

Newspapers in English

Newspapers from USA

© PressReader. All rights reserved.