In recent years, China’s cross-border e-commerce import and export scale has continued to grow rapidly, becoming a new highlight of foreign trade development. At the national policy level, the government continues to give strong support to cross-border e-commerce. In June 2021, the Ministry of Commerce and other six departments recently jointly issued the notice on expanding the cross-border e-commerce retail import pilot and strictly implementing the regulatory requirements, expanding the cross-border e-commerce retail import pilot to all cities (and regions) where the pilot Free Trade Zone, cross-border e-commerce comprehensive pilot zone, comprehensive bonded zone, import trade promotion innovation demonstration zone and bonded logistics center (type b) are located.

As a new form of China’s foreign trade, the scale of cross-border e-commerce has developed rapidly. From 2016 to 2019, the compound growth rate of China’s cross-border e-commerce industry reached 27%. With the continuous improvement of the support of national policies for cross-border e-commerce, cross-border e-commerce will become a strong growth point of foreign trade. It is expected that the compound growth rate of China’s cross-border e-commerce will reach 25% from 2020 to 2025.

Cross border e-commerce is becoming a new development trend of international trade. According to customs statistics, in 2020, China’s cross-border e-commerce import and export volume reached 1.69 trillion yuan, an increase of 31.1%, of which exports increased by 40.1% and imports increased by 16.5%, far higher than the national foreign trade growth rate. In the past five years, the import and export scale of cross-border e-commerce has increased nearly 10 times. Promoting the development of cross-border e-commerce is conducive to promoting the transformation and upgrading of China’s foreign trade and enhancing foreign trade competitiveness. With the successive introduction of favorable cross-border e-commerce B2B export policies, the gradual improvement of b-end digital level, and the continuous construction and improvement of b-end supporting facilities and services, the penetration rate of B2B will be accelerated in the future, and the dominant position of B2B will be continuously strengthened.

In the face of the good situation of the cross-border e-commerce industry and the tide of the times when more and more enterprises are investing in the cross-border field, time star focuses on cross-border e-commerce overseas warehousing, standard exchange and cross-border transshipment solutions with the aim of continuously improving operation efficiency and customer experience. Timestar IOT will continue to improve the overseas warehouse layout, expand the operation capacity, promote the construction of warehouse automation and offline large-scale distribution system, pay attention to the application of software and hardware technology, adhere to product and service innovation, constantly optimize the operation process, reduce the cost of each link, increase the service experience of buyers, reduce the circulation cost of sellers, improve the competitiveness of Chinese cross-border e-commerce sellers in the local market, and help Chinese sellers set sail!