Cross-border e-commerce becomes the main force for stabilizing global trade

Data shows that this year’s global trade rebounded significantly faster than the 2008 financial crisis, which not only boosted many areas of the global economy, but also made cross-border e-commerce with more growth vitality a development area that countries focused on. Industry insiders believe that at present, governments of all countries should strengthen collaboration in the development of cross-border e-commerce, explore and formulate global rules, and contribute more to the future recovery of global trade.

Multinational trade picks up quickly

After the outbreak of the covid-19 pneumonia epidemic, international commodity trade suffered the largest year-on-year decline since the “Great Depression”. Currently, global trade is still lower than the level before the epidemic, but it has achieved a strong rebound.

According to data from the German think tank Kiel Institute of World Economics, by June, this year’s historical losses in global trade had recovered about half. Among the 38 economies tracked by the research institute IHS Markit, 14 economies achieved growth in new export orders in August, while only 4 in June. Other economies are moving in a good direction and may start soon. increase.

Global cargo volume data shows that shipping activities in some other ports in the United States, Asia and Europe have also returned to normal. As the demand for cargo picks up, the freight rates of some key routes have been much higher than before the epidemic. If this trend continues, the role of trade in the global economic recovery may be greater than expected.

S&P Global Ratings Asia Pacific chief economist Roach said: “Facts have proved that trade is a more resilient area in the economy.” He said, “Even if you can’t go on vacation, you can buy yourself a new laptop. “

The “Wall Street Journal” article stated that consumers’ enthusiasm for spending money on imported goods is unabated, and the government’s cash distribution has played a supporting role.

Felbermeier, director of the Kiel Institute for World Economics, said that in a recent analysis of global trade, the institute studied data from the recession period from 2008 to 2009 and found that it took 13 months for the trade volume to recover. The level reached in just two months this year. He said one of the reasons is that this year’s trade contraction is not a long-term collapse of demand. When the government reopens its borders and relaxes restrictions on social activities, imports and exports may recover quickly.

Cross-border e-commerce is gaining momentum

At present, the recovery of global trade is threatened by uncertain factors such as the rebound of the epidemic, and cross-border e-commerce has become the main force in stabilizing the trade situation with the advantages of online transactions and contactless delivery. At the Fifth China Cross-border E-commerce Forum held in Zhengzhou a few days ago, industry professionals at home and abroad believed that strengthening cross-border e-commerce collaboration and exploring the formulation of global rules is a top priority.

Long Yongtu, a consultant of the China Association for Trade in Services, former deputy minister of the Ministry of Foreign Trade and Economic Cooperation, and former secretary-general of the Boao Forum for Asia, said that the international cross-border e-commerce rule system was formed by summing up the experiences, lessons and practices of cross-border e-commerce in countries around the world. At present, my country’s cross-border e-commerce has been at the forefront of the world, exploring and forming some regulatory mechanisms and other related mechanisms. Under this epidemic, new measures have been proposed and new development has been achieved. On the basis of conscientiously summarizing practical experience, we must strive to form a new rule system that is truly practical and more acceptable to everyone, and make China’s contribution to the global formulation of cross-border e-commerce rule systems.

Kazakhstan’s ambassador to China, Habit Hoyshbayev, stated that it is difficult for a country without the support of international consumption to develop further, and the further development of cross-border e-commerce is everyone’s common vision. “Kazakhstan is taking measures to stimulate the development of e-commerce and strive to promote different companies on international e-commerce platforms. Currently, ten companies are selected as gold suppliers to cooperate with Alibaba. At the same time, Kazakhstan is actively creating its own crypto trading platform.” He said.

Xu Ping, President of Henan Bonded Group, analyzed the current situation of cross-border e-commerce from the perspective of practitioners. He believes that in the future, cross-border e-commerce will compete fiercely in three areas: vertical sites, global 72-hour delivery to the supply chain, and cash on delivery. She said that accelerating the development of cross-border e-commerce requires strengthening international coordination and cooperation. The country should increase credit service, preferential tax policies and platform support for cross-border e-commerce. At the same time, it is recommended that small and medium-sized e-commerce enterprises develop differentiated development.

The reporter learned from the forum that Henan Province has incorporated the development of cross-border e-commerce into the overall pattern of opening to the outside world, forming a coordinated situation of online, air, road, and sea “four roads”, actively exploring the new situation and new situation of cross-border e-commerce in the post-epidemic era. Rules, new measures.

It is understood that Zhengzhou Economic and Technological Development Zone is the first six-star industrial cluster in Henan Province. It aims to focus on the new situation, new rules, and new measures of cross-border e-commerce, and jointly seek new formats, new models, and new ideas for foreign trade. Give full play to the leading role of cross-border e-commerce in the process of trade globalization.

Multiple measures to promote industry development

my country’s practices and achievements in the field of cross-border e-commerce have received widespread attention. In the future, it is expected to increase industry influence through policy support, personnel training, and foreign exchanges, and lead the development of the global industry.

Long Yongtu said that cross-border e-commerce is an important bridge between domestic and international double cycles. From the perspective of cross-border e-commerce imports, China will continue to expand imports to meet the needs of domestic The demand for personalized and individualized demand will stimulate neighboring countries and the international community by increasing imports, thereby driving the recovery of the world economy. From the perspective of cross-border e-commerce exports, China will give full play to the role of cross-border e-commerce in stabilizing foreign trade and promoting exports. The attitude of openness is deeply integrated into the global industrial chain and supply chain, and the international economic cycle is promoted with a high level of openness.

Dang Xiaohong, deputy director of the Port Supervision Department of the General Administration of Customs, believes that cross-border e-commerce is one of the important measures to cope with the current complex external environment, and there is much to be done in the process of building a new development pattern of “dual cycles”. In the next step, the General Administration of Customs will continue to provide cross-border e-commerce supervision services, promote consumption, and expand the domestic market. At the same time, it will summarize the effects of cross-border e-commerce B2B export reform pilots and replicate them nationwide.

Tang Min, counselor of the Counselor’s Office of the State Council, suggested that the equity financing mechanism for small and micro enterprises should be further improved and the training of cross-border e-commerce talents should be strengthened.

“For a long time, cross-border e-commerce small and micro merchants have faced financing difficulties. At present, Tencent’s WeBank, Alibaba Ant Financial Services, Dunhuang.com Supply Chain Finance, PingPong Financial Products, etc. are trying to solve the loan problem of e-commerce small and micro merchants. At the same time, research institutions will evaluate the equity financing of small and micro enterprises based on data analysis.” Tang Min said.

Tang Min said that the structure of the Global Cross-border E-commerce Research Institute has been completed, and an expert committee composed of United Nations international organizations, national ministries, universities, and leading enterprises in the cross-border e-commerce industry chain has been established. Organized and compiled a series of cross-border e-commerce teaching materials, cross-border e-commerce talent standards, and completed cross-border e-commerce related policy research reports.

“I have proposed the establishment of a cross-border e-commerce university to train cross-border e-commerce talents for China and the world. The training program is not limited to countries and does not restrict academic hours, but aims to provide relevant skills and employment opportunities for countries. I believe This will become an excellent bridge for Sino-foreign exchanges.” Tang Min said.

Previous Post

European stock markets: Affected by pandemic concerns, they closed lower, with the biggest weekly decline since mid-June

Next Post

Chainlink founder Sergey Nazarov: authoritative facts are the greatest value of blockchain