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The Ministry of Commerce released a policy recently that will take measures to improve China’s cross-border e-commerce retail and export.The new policy will take effect on Oct 1 and aims to promote growth in cross-border e-commerce at a time when e-commerce in the nation has outgrown existing regulations.The policy defines outbound e-commerce governing bodies,requests a new method of supervising customs and specific statistics,supports regular earnings announcements by companies and encourages banks and other payment institutions to provide payment services and tax policies.It also asks for a credit system in e-commerce exports.Cities including Shanghai,Chongqing,Hangzhou,Ningbo and Zhengzhou.which have already started pilot programs in cross-border,e-commerce clearance,will be the first to implement the ministry’s new policy.Sokesman for the Ministrv of Commerce(MOFCOM),SHEN Dan-
The Ministry of Commerce released a policy recently that will take measures to improve China’s cross-border e-commerce retail and export.The new policy will take effect on Oct 1 and aims to promote growth in cross-border e-commerce at a time when e-commerce in the nation has outgrown existing regulations. the policy defines outbound e-commerce governing bodies, requests a new method of supervising customs and specific statistics, supports regular earnings announcements by companies and encourages banks and other payment institutions to provide payment services and tax policies.It also asks for a credit system in e-commerce exports.Cities including Shanghai, Chongqing, Hangzhou, Ningbo and Zhengzhou.which have already started pilot programs in cross-border, e-commerce clearance, will be the first to implement the ministry’s new policy. Sokesman for the Ministrv of Commerce (MOFCOM), SHEN Dan-