According to the spokesman of the General Customs Bureau, the annual import and export value in 2018 record with 4.62 trillion dollar, up by 9.7% from a year ago, and the import sales exceeded 2 trillion for the first time.
The private companies contributed over 50% to the general growth. And the cross-border e-commerce platform contributed about 134.7 billion yuan, up by 50% from a year ago. The Sino-US trade value was up by 5.7%.
The new e-commerce law took effect earlier this January. The newly released guidance on cross-border e-commerce aims to specify how to apply the regulation and the responsibilities the involved parties should take. (Source: Xinhua)