The local regulator of Beijing released a work plan to build Beijing as a pilot zone of cross-border e-commerce zones.
In the next five years, Beijing aims to foster 100 cross-border e-commerce companies and 100 cross-border e-commerce experience offline shops and 20 cross-border e-commerce industry parks.
The export value of cross-border e-commerce should account for over 20% of the total import and export of foreign trade conducted by companies in the city.
In July, Beijing was selected among the third batch of cross-border e-commerce pilot zone. The local regulators thus specified 10 key tasks to facilitate the development of cross-border e-commerce business in Beijing.
The city will focus on improving cross-border e-commerce regulatory mechanisms, taxation mechanisms and financial services mechanisms. In terms of the regulatory mechanism, it will accelerate the promotion of cross-border e-commerce online purchase bonded import business and explore the use of cross-border e-commerce models to import pharmaceutical products. In terms of the taxation mechanism, the cross-border e-commerce enterprises that are integrated into the online comprehensive service platform and have good credit will further shorten the tax rebate time and implement paperless management of export tax rebates. (Source: Xinhua)