China


CAINIAO: 700 CHARTERED FLIGHTS TO DELIVER 90 % OF CROSS-BORDER PARCELS DURING 11.11 SHOPPING FESTIVAL

CAINIAO: 700 CHARTERED FLIGHTS TO DELIVER 90 % OF CROSS-BORDER PARCELS DURING 11.11 SHOPPING FESTIVAL

22nd October 2020 –  Cainiao Smart Logistics Network, the logistics arm of Alibaba Group Holding Limited, has announced a series of initiatives to ramp up its global logistics infrastructure, in anticipation of explosive growth in e-commerce parcel volume during the upcoming 11.11 shopping festival. This year, Cainiao plans to operate over 700 chartered flights to deliver 90 % of its parcels outside China during 11.11. The smart logistics company estimates that...

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Guangzhou released measures to promote the high-quality development of cross-border e-commerce

Guangzhou released measures to promote the high-quality development of cross-border e-commerce

21st October 2020 – Guangzhou has historically been one of China’s leading foreign trade centres. Even in the e-commerce era, Guangzhou still retains certain trading advantages. From January to July 2020, the volume of import and export passing through the customs cross-border e-commerce management platform in Guangzhou reached RMB 20.87 billion, ranking first in the country, with a year-on-year growth of 1.83%. Guangzhou is taking steps to further improve...

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Alibaba Subsidiary Cainiao Pushes Into Malaysia With Cross-Border Delivery Service

Alibaba Subsidiary Cainiao Pushes Into Malaysia With Cross-Border Delivery Service

23rd September 2020 Cainiao, a logistics arm of Alibaba, is partnering with its domestic peer Best to launch a time-efficient delivery service between China and Malaysia, which the duo hailed as a boon for both buyers and sellers as the upcoming “Double 11” shopping extravaganza is expected to drive demand for cross-border e-commerce. The service, which incorporates customs clearance, sea freight forwarding, overseas warehousing and last-mile delivery, will shorten...

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China calls for facilitating cross-border movement of people, goods

China calls for facilitating cross-border movement of people, goods

BEIJING, Sept. 3 (Xinhua) — China is willing to work with all parties to promote an initiative on facilitating the cross-border movement of people and goods, State Councilor and Foreign Minister Wang Yi said Thursday when attending a video conference of the Group of 20 (G20) foreign ministers. Wang said it was very necessary and timely for the conference to focus on personnel exchanges and border control issues. All...

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China Focus: New customs practice boosts B2B e-commerce export

China Focus: New customs practice boosts B2B e-commerce export

in World Economy News 04/09/2020 Two months after 10 Chinese customs began an experimental supervision mode to boost B2B e-commerce export, 12 more customs were added to the pilot program on Tuesday by China’s General Administration of Customs. B2B e-commerce export refers to either direct export of goods from domestic businesses to overseas businesses by cross-border logistics based on their mutual deals over a cross-border e-commerce platform, or the export of...

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US and China make progress on phase one trade deal

US and China make progress on phase one trade deal

US and Chinese negotiators stressed their commitment to the “phase one” trade deal in a phone call where both sides said they had seen progress, even as relations between the world’s two largest economies deteriorate in many areas. The two countries discussed steps China has taken, including ensuring greater protection for intellectual property rights and removing hindrances to American companies in financial services and agriculture, US Trade Representative Robert...

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Guizhou, China, Launches Blockchain-powered Int’l Trading Platform

Guizhou, China, Launches Blockchain-powered Int’l Trading Platform

July 30, 2020 Another Chinese province reported that it is about to launch a blockchain-powered cross-border financial service platform. Per Haiwainet, Guizhou Province, in China’s mountainous southwest, will launch the initiative this month. The province’s foreign exchange administrator is the platform’s mastermind. The administrator stated that it has been working on the project with the Guizhou branches of state-owned banking giants, including policy bank the Export-Import Bank of China. The...

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Chinese ports reach capacity as COVID-19 tests slow work

Chinese ports reach capacity as COVID-19 tests slow work

20 July 2020 New requirements that food imports be tested for COVID-19 is pushing major Chinese ports to their limit. Reuters reports that major shippers have warned customers of additional fees and possible diversions to other ports as the measures persist. China stepped up inspections of imported food last month after an outbreak of the coronavirus among people working at and visiting a major food market in Beijing. “Import container...

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N.S. premier criticizes China for requiring lobster shippers to assume COVID-19 liability

Nova Scotia Premier Stephen McNeil is criticizing a new border measure imposed by China that requires Canadian lobster exporters to assume liability for COVID-19 in order to get their product into the country. “I don’t believe that the requirement to accept liability on live seafood going into that marketplace is a reasonable one,” McNeil told reporters in Halifax Thursday. China is the second largest market for Canadian lobster, with...

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Cochin Port sees 30% dip in Chinese imports; customs revenue shrinks

With the India-China border crisis escalating to a trade friction between the two countries, Cochin Port has witnessed as much as 30 per cent reduction in imports from China in just under one month. Due to prevailing uncertainties due to delayed movements of the consignments, many traders themselves have opted to reduce the Chinese imports. Simultaneously, customs duty revenue has taken a hit due to reduced imports from China....

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