More industrial centers in China with advantages in traditional foreign trade have been able to expand their business globally and enhance their brand through exports generated through e-commerce.
According to a report on the development of China’s industrial export centers using cross-border e-commerce published by Amazon Global Sell in Guangzhou, the capital of Guangdong Province, China’s industrial export centers using such platforms have accelerated their transformation and upgrading, showing a trend of moving from regions Prosperous coastal to the interior in the west of the country.
Focusing on 17 industry clusters, this report covers major regions, including the Pearl River Delta and Yangtze River Delta regions, the western Taiwan Strait economic zone, as well as northern, central and western China.
“As a new form of foreign trade, China’s exports using cross-border e-commerce have shown good resilience in recent years, opening up more business potential in the global market,” said Peng Jiaqi, vice president of Amazon China.
Chinese exporters in advantageous industrial clusters have shown great potential and vitality in R&D, design, product innovation, brand development and global expansion.
The General Administration of Customs said that the volume of cross-border imports and exports in China reached 1.98 trillion yuan (273 billion euros) in 2021, up 15 percent year-on-year.
Global e-commerce exports reached 1.44 trillion yuan, an annual increase of 24.5%. In comparison, the volume of cross-border e-commerce exports recorded an annual growth of about 40% from 2017 to 2021.
“The new generation of consumers has become a major force for the growth of global e-commerce, providing huge market opportunities for Chinese exporters,” said Peng Jiaqi.
Over the years, an increasing number of Chinese exporters with traditional advantages in foreign trade have chosen the path of digital transformation with the help of cross-border e-commerce, which can help them directly reach overseas consumers. Strange, notes the report.
In the face of a volatile external environment, Chinese sellers can also understand the needs of consumers in this way, respond in time and quickly develop products that meet market needs.
To facilitate the development of China’s exports through new channels, a trade fair focusing on cross-border e-commerce is scheduled to be held in November in Guangzhou, with more than 1,500 Chinese exporters and more than 30 Chinese and foreign platforms participating. E-Commerce.