Cross-border e-commerce "global trading" has become a new driving force for the development of international trade

In recent years, Chinas "Double Eleven" shopping festival has gone international, from Southeast Asia to the Middle East and North Africa to Latin America, becoming a fashion shopping trend in various countries, and increasingly becoming a bridge between Chinese e-commerce and overseas consumers, Chinese consumers and overseas businesses. This year, the overseas spillover effect of "Double Eleven" continues to be released, and it has gradually become a trend in Indonesia. According to statistics, from 8 PM on October 31 to November 8, Guangzhou Customs supervised 26.773 million votes of cross-border e-commerce retail import and export list, an increase of 53.1%. Among them, cross-border e-commerce retail import list 3.432 million votes, the main imported goods for food, cosmetics and so on; Cross-border e-commerce retail export list 23.341 million votes, the main export commodities for clothing, plastic products and so on. Domestic and international "Double Eleven" held at the same time, driven by the big promotion, cross-border e-commerce "global trading" is more smooth. Two news, let us see not only the hot shopping festival, but also see through cross-border e-commerce, open up the international big cycle, promote the transformation and upgrading of traditional industries to the sea, create the global trade Internet of things, build a new development pattern with the domestic big cycle as the main body, and domestic and international double cycles to promote each other. Cross-border e-commerce is a cross-boundary product of digital economy and foreign trade. Wang Shouwen, international trade negotiator and Vice minister of the Ministry of Commerce, said at a press conference held by The State Council Information Office on October 24 that digital trade can be simply divided into two parts, one is a trade method characterized by digital delivery, and the trade object is data. The second is the trade method characterized by digital ordering, usually cross-border e-commerce transactions are goods, through digital ordering to achieve.

Through digital technology, cross-border e-commerce optimizes international transaction and production processes, reduces transaction and production costs, optimizes supply and demand matching, and efficiently allocates various cross-border resources, which can play an important role in foreign trade and the two-way flow of cross-border funds. Chinas manufacturing industry categories are complete, the industrial chain is long, and the cluster of small and medium-sized enterprises is particularly dense, so cross-border e-commerce can play a particularly important driving role in Chinas overall industrial development, driving the domestic real economy long chain and large volume development.

Industry experts believe that "industrial belt + cross-border e-commerce + digital flexible supply chain" can not only help the industrial belt to expand international business opportunities, but also help many domestic industries to upgrade through the digital flexible supply chain, achieve "small single fast reverse", on-demand supply, and effectively enhance the competitiveness and development level of "Made in China" in the global market.

"Small order fast reverse" means that the platform uses the actual market demand to predict sales and control production, under the premise of real-time analysis and tracking fashion trends, for all SKUs (minimum stock units) are started from very small orders, each SKU generally with a minimum order of 100 to 200 pieces, if the sales trend is good, immediately increase the order, if the sales do not meet expectations, production is suspended. Based on the "small single fast reverse" and on-demand supply, industrial waste is reduced from the source and balanced industrial development is promoted. The "small single fast reverse" model helps a large number of traditional manufacturing enterprises usher in "transformation".

Overseas demand is the external driving force for Chinas development of cross-border e-commerce, while Chinas strong manufacturing capacity and innovation capacity are the internal driving force for going overseas. Cross-border e-commerce platforms continue to provide suppliers with digital technology tools to achieve online collaboration of all links of the chain, enabling enterprises to face consumers directly and produce on demand, which is essentially helping China to build a global trade Internet of things with the Internet of everything.

Cross-border e-commerce is developing fast, with great market potential and strong driving effect. The import and export scale of cross-border e-commerce in China has increased by 10 times in five years, reaching 2.1 trillion yuan in 2022. The share of cross-border e-commerce in goods imports and exports increased from 1% in 2015 to 5% in 2022. From January to September this year, cross-border e-commerce imports and exports reached 1.7 trillion yuan, an increase of 14.4%, accounting for 5.5% of the proportion of goods trade imports and exports in the same period. According to the "Digital Trade Development and Cooperation Report 2023" released during the Service Trade Conference, Chinas B2C e-commerce transaction volume in 2022 accounted for 37.2% of the world, ranking first in the world.

Since China set up the first cross-border e-commerce comprehensive pilot zone in Hangzhou in 2015, by the end of 2022, The State Council has successively set up 165 comprehensive pilot zones in seven batches, covering 31 provinces, regions and municipalities. There are more than 100,000 cross-border e-commerce entities, more than 200,000 independent stations, and about 690 cross-border e-commerce industrial parks in the pilot zone. China has cross-border e-commerce trading partners all over the world, and has signed bilateral e-commerce cooperation memorandums with 29 countries. It is one of the most complete countries in the global cross-border e-commerce ecological chain.

As Zhao Ping, Dean of the Research Institute of the China Council for the Promotion of International Trade, said, "Cross border e-commerce is transforming from a new form of foreign trade to a new normal of foreign trade." According to the World Trade Organization, global cross-border e-commerce is expected to maintain a growth rate of 27% before 2026. According to eMarketers prediction, global retail e-commerce outside of China will reach a total annual scale of $4 trillion by 2027.

As Zhao Ping, president of the China Council for the Promotion of International Trade, said: "Cross-border e-commerce is transforming from a new form of foreign trade to a new normal for foreign trade." According to the WTO, global cross-border e-commerce will maintain a growth rate of 27% before 2026. According to eMarketer forecasts, by 2027, the global retail e-commerce outside China will reach the annual scale of $4 trillion.

As a new form and model of business, cross-border e-commerce has become a new driving force for Chinas foreign trade development, a new channel for transformation and upgrading, and a new lever for high-quality development. We must seize the key opportunity of globalization and make up for the shortcomings of talent, digital infrastructure, and insufficient international discourse power, promote the optimization and upgrading of goods trade, innovate the development mechanism of service trade, build a global trade Internet of Things, and build a trading power.