China to Increase Support for International e-commerce

02/19/2016

This article from Tech 2 talks about China’s new policies aimed at boosting e-commerce. This move, by the world’s second largest economy, highlights the opportunities for growth when the shift is made from manufacturing to higher value services. As the article explains "China’s e-commerce industry has been booming in recent years, with companies like Alibaba Group Holding Ltd (BABA.N) and JD.com Inc (JD.O) benefiting from a rising middle class with more disposable income."  This move by the the government has led to the release of guidelines that include tax policies aimed at increasing domestic consumption and pilot progrmas to ease overseas payments. The piece goes on to say that "Cross-border e-commerce has reaped a turnover of $3.32 billion since China piloted cross-border foreign exchange payments in 2013, with trade volume in the first five months of 2015 near the total value of the whole of 2014."

The growth in global e-commerce is top-of-mind for all retailers today and consumers expect to be able to order their goods from any device and receive them anywhere, anytime. We at Neopost are aware of this change in expectations and provide organizations with the energy to keep ahead of the game, helping them at every stage of the shipping process. From making parcels as small as possible to handling shipping cost management, and keeping track of where orders are.

Add new comment