“The annual growth rate has reached as high as 50 to 100 percent but, unfortunately, there aren’t any coordinated measures from the government,” said the source. Statistics from the global e-commerce business platform provider PayPal show that in 2013 online shopping for made-in-China goods by the top five e-commerce markets (the United States, the United Kingdom, Germany, Australia and Brazil) is expected to reach 67.9 billion Yuan ($11 billion). The figure will double by 2018. Statistics from the PayPal report show that from 2011 to the first quarter of 2012, China’s exporters saw transactions for shipments to three emerging markets (Brazil, India and Russia) through the PayPal system increase by as much as 79 percent. In July, an e-commerce industrial park aiming to facilitate cross-border trade opened in Hangzhou, in East China’s Zhejiang province. The first phase of the park covers 40,000 square meters. Early in 2012, a handful of cities and municipalities including Hangzhou, Shanghai, Zhengzhou, Chongqing and Ningbo won government approval to act as pilot cities for cross-border e-commerce.
Posted on: Wed, 07 Aug 2013 09:37:59 +0000
Trending Topics
Recently Viewed Topics
© 2015