China’s E-Commerce Sites Offers A New Source Of Income

Meria lost her source of income due to pandemic, but all thanks to a Chinese cross-border e-commerce sites, she was able to secure another job.

Meria, a Texas-based Zumba instructor, lost her source of income due to the COVID-19 pandemic, but all thanks to a Chinese cross-border e-commerce sites, she was able to secure another job.

Using MyyShop, a new SaaS (software as a service)-based platform launched by DHgate.com, Meria started selling workout outfits and dance shoes online.

While dampening several sectors, the pandemic also accelerated the pace at which businesses are becoming more digital-savvy, Diane Wang, CEO of DHgate.com, said in an interview with Xinhua.

According to Wang, e-commerce companies should provide considerate services rather than just a platform and help merchants move their offline businesses online.

The COVID-19 pandemic has dealt a heavy blow to small and medium-sized enterprises (SMEs) worldwide, and cross-border e-commerce provides them with a safe haven to weather the storm, analysts said.

Wang reckons that platforms like Myyshop, which empower virus-hit global SMEs, are “transfusing blood” to the capillaries of the world economy.

As traditional modes of trade were disrupted when people were stranded at home amid the pandemic, cross-border e-commerce has emerged as an indispensable part of the global trade, said Wang.

In the first half of the year, China’s trade volume via cross-border e-commerce platforms, under the oversight of customs authorities, increased 26.2 percent year on year.

The sector saw expansion as authorities unveiled a slew of preferential policies.

In April, the State Council decided to set up 46 new, comprehensive cross-border e-commerce pilot zones, bringing the total number to 105.

On July 1, the country’s General Administration of Customs began pilot regulations for B2B e-commerce export, offering supportive measures, such as simplified export declarations and paperless customs clearance, to enterprises. The program was expanded to more areas starting from Sept. 1.

Thriving cross-border e-commerce not only plays a critical role in China’s future economic development but also brings new opportunities to the rest of the world, said Huang Qifan, vice chairman of the China Center for International Economic Exchanges.

“We want to be the Chinese partner of global newbies to tap into the cross-border e-commerce market so that they can truly benefit from economic globalization,” Wang said. Enditem

Originally published at xinhuanet

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