China e-commerce stats and the latest from world e-commerce events

Cross Border E-commerce

The Future
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2 FEBRUARY 2017 - Seafood Trade Matters - China E-Commerce special 

to a special edition of Seafood Trade Matters, bringing you, Australian Seafood Exporters, the most up to date news about the complex world of e-commerce in China. This issue contains some mind blowing stats and information about the e-commerce landscape in China, and an update on the ever changing Cross-border e-commerce rules.  

China e-commerce stats and the latest from world e-commerce events

From 2011-2015 (the period of the 12th Five-Year Plan), the annual transaction value of ecommerce in China grew from 6 trillion RMB yuan in 2011 to 21.8 trillion yuan 2015, and the ecommerce retail from 750 billion yuan to 3.88 trillion yuan.

The total retail sale of consumer goods in China in January-November 2016 was 30 trillion RMB yuan (≈6 trillion Australian dollars), up 10.4% over the same period of the previous year. Of that, the ecommerce retail sale of physical goods was 3.8 trillion yuan, up 25.7%.  In November 2016, Chinese ecommerce giant Alibaba saw 120.7 billion yuan in gross merchandise volume during its 24-hour Singles' Day event, an annual online shopping spree on November 11. The Ministry of Commerce forecast that the volume of cross-border ecommerce in 2016 would reach 6.5 trillion yuan and would soon account for 20 percent of China's foreign trade.

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Cross Border E-commerce

Here is the most recent update on China's changes to the rules for Cross-border e-commerce (CBEC), covering the following:

  1. Overview of China’s changes to rules for cross-border ecommerce (CBEC)
  2. Adjustment to tax rates of personal postal articles effective from 8 April 2016
  3. Extension of the transition period for the new rules of CBEC until the end of 2017 and what those rules are...
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The Future of E-commerce In China

On 31 October 2016, China Daily reported that China had planned to launch its first ecommerce satellite in 2017, with the primary purpose of using satellite data in agriculture. The plan was announced during an international aviation and aerospace forum in Zhuhai, Guangdong Province, by the China Academy of Launch Vehicle Technology, China Aerospace Museum and Juhuasuan, an arm of ecommerce giant Alibaba.

In mid-December 2016, the National People's Congress (NPC) announced that the draft law for ecommerce had been submitted for review by legislators. The draft law would regulate and facilitate booming ecommerce in the country. NPC said that booming ecommerce in recent years had served to reveal loopholes in China's legal system and commercial rules. The draft law would facilitate ecommerce growth, help maintain market order and protect consumer rights....

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Reference for all of the above articles are available here
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