The export-oriented policy is considerably pushing forward overseas trade of Ningxia, which imported and exported 21.4 billion yuan ($3 billion) worth of goods from January to October this year, a 57.6 per cent year-on-year increase, said official statistics.
According to statistics provided by Yinchuan Customs, among the exports, about 30 per cent are those sold with bonded logistics and cross-border e-commerce.
With pro-export policies in customs clearance and taxes, e-commerce plays a more important role in cross-border transactions here, bringing more business opportunities.
Located at a geographical backwater, Ningxia has wasted no time catching up with the wave of development in the e-commerce industry by setting up a comprehensive cross-border e-commerce pilot zone, including five cross-border e-commerce industrial parks and a bonded zone cross-border e-commerce incubation base.
According to official statistics of China Customs, China’s cross-border e-commerce volume had increased nearly ten times in five years to 1.92 trillion yuan last year.