China is expanding its capacity to provide cross-border e-commerce services

China will enhance the service capabilities of cross-border e-commerce enterprises and promote the high-quality development of overseas warehouses to further optimize its foreign trade structures and create new advantages in international economic cooperation, according to policy guidelines released by the Ministry of Trade on Tuesday.

According to a statement issued by the ministry’s foreign trade department, the government will use existing financial channels in a coordinated manner to support the development of warehousing enterprises abroad.

The new policy, published jointly by nine government bodies including the Ministry of Trade and the National Development and Reform Commission, encourages local authorities to use existing equity fund resources to explore the possibility of establishing industrial development funds in a market-oriented manner, as well as strengthening support for foreign warehouse operators.

China will encourage qualified cross-border e-commerce companies to build brand sales networks and operations centers in overseas markets and enhance brand cultivation capabilities to expand their global presence, the guidelines said.

By the end of May, China had more than 120,000 cross-border e-commerce entities, more than 1,000 cross-border e-commerce industrial parks and more than 2,500 overseas warehouses with a total area of ​​more than 30 million square meters, data from the Commerce Ministry showed.

These include over 1,800 overseas warehouses with an area of ​​22 million square meters dedicated to cross-border e-commerce.