Leading the emerging economy to help the transformation of foreign trade, cross-border e-commerce has become a hot topic

Leading the emerging economy to help the transformation of foreign trade, cross-border e-commerce has become a hot topic at the two sessions On March 5, Premier Li Keqiang pointed out in his work report that China will improve measures to promote the development of foreign trade and set up 12 new cross-border e-commerce comprehensive pilot zones. This news is undoubtedly a major positive for the fast horse of China's cross-border e-commerce.

Cross-border e-commerce leads China's emerging economy In recent years, global economic growth has been sluggish, and the multilateral trading system has been in trouble. The downward pressure on China's economy has increased, the cost of manufacturing has increased sharply, and foreign trade has experienced negative growth for two consecutive years. As an emerging force, cross-border e-commerce has developed rapidly and has maintained rapid growth for many years.

According to the market outlook report released by Accenture, from 2014 to 2020, global cross-border e-commerce B2C will maintain an average annual growth rate of 27%. According to iiMedia Research, the overall transaction scale of China's import and export cross-border e-commerce reached 6.3 trillion yuan in 2016, and China has become the world's largest cross-border online shopping market among the most frequently purchased merchants of cross-border e-commerce consumers.

In fact, cross-border e-commerce has become a new engine for China's economic development, a new format for industrial transformation and a new window for opening up, providing huge development space for small and medium-sized enterprises and the commanding heights of international trade competition in the future. The two sessions of the National People's Congress have hotly discussed that cross-border e-commerce helps foreign trade transformationCross-border e-commerce has the characteristics of high frequency, small order, and fragmentation, and the business model and rules and standards have the characteristics of market-driven, flexible, efficient, and rapid iteration.

During the two sessions this year, Li Wei, member of the Standing Committee of the National Committee of the Chinese People's Political Consultative Conference and member of the Standing Committee of the Central Committee of the Revolutionary Committee of the Chinese Kuomintang, submitted a special proposal, suggesting to accelerate the development of cross-border e-commerce retail, expand exports, connect global consumers, help China's industrial transformation and upgrading, promote supply-side reform, develop new service industries, and realize the return of part of overseas consumption.

"It is necessary to give full play to the leading advantages of China's e-commerce in the first echelon of the world, and seize the commanding heights of cross-border e-commerce in ASEAN countries." Peng Zhao, a member of the National Committee of the Chinese People's Political Consultative Conference (CPPCC) and vice chairman of the Guangxi Zhuang Autonomous Region CPPCC, suggested the establishment of the Nanning Cross-border E-commerce Comprehensive Pilot Zone, which is a new engine to promote the growth of foreign trade and a new shortcut to foreign trade transformation.

Xia Xianpeng, a member of the National Committee of the Chinese People's Political Consultative Conference and president of the Xiamen Maritime Court, believes that cross-border e-commerce provides a "stage" for Chinese enterprises to compete with sellers in destination countries.

The leapfrog development of cross-border e-commerce tests regulatory innovation, and accelerating the development of cross-border e-commerce retail is a major historical opportunity for China, which needs to assess the situation and continuously innovate the regulatory system and methods. Since April 8 last year, China has announced a series of policies and measures for cross-border e-commerce retail imports, which are facing new institutional obstacles and practical problems while developing rapidly.

Among them, the relevant departments have applied the traditional dichotomy of "postal goods" or "general trade" to define and supervise cross-border e-commerce retail imports (bonded mode), which has fallen into a theoretical and practical dilemma. In his proposal, Li Wei suggested that cross-border e-commerce retail imports should be established as a new form of trade, and that they should be regulated in a third way different from "postal articles" and "general trade".

Based on this, he believes that there must be a clear authorization from the superior law, otherwise it is impossible for the relevant departments to "illegally" innovate regulatory methods. Li Wei suggested establishing an "exception clause" for cross-border e-commerce retail imports, and implementing more liberal and convenient regulatory measures in the comprehensive pilot zone.

Li Wei also suggested that the limits on single and annual transactions should be abolished to avoid "not being taxed and difficult to effectively supervise". At the same time, as a market access management method in line with the international trend, he suggested that a negative list management model should be implemented for cross-border e-commerce retail imports, so as to promote the leapfrog development of this new business format.

Source: China Economic Net.