China Internet Network Information Center (CNNIC) released the 52nd Statistical Report on Internet Development in China on August 28th. In the first half of the year, China’s online shopping user scale reached 884 million people, an increase of 38.8 million people compared with December 2022, accounting for 82.0% of the overall number of Internet users, and cross-border e-commerce and other industry modes maintained rapid growth. In the first half of the year, the national online retail sales amounted to 7.16 trillion yuan, increase 13.1% year-on-year. Among them, online retail sales of physical goods amounted to 6.06 trillion yuan, up 10.8%, accounting for 26.6% of total retail sales of consumer goods, with online consumption continuing to play a positive role in fueling consumption growth.
In the first half of this year, the import and export volume of cross-border e-commerce in China reached 1.1 trillion yuan, an increase of 16% year-on-year, realizing a rapid double-digit growth. The scale of import and export of cross-border e-commerce goods accounted for the proportion of foreign trade from less than 1% five years ago to about 5%, cross-border e-commerce has become an important new force in foreign trade, and has become an important way for many foreign trade enterprises to obtain orders, which has effectively helped stabilize the scale of China’s foreign trade and optimize its structure.
China has set up more than 1,500 overseas warehouses for cross-border e-commerce, with an area of more than 19 million square meters, and nearly 90% of the overseas warehouses have carried out informationization and intelligent construction. In addition, China has also launched a series of support initiatives in taxation, customs clearance, foreign exchange settlement, etc., to provide assistance for the rapid development of cross-border e-commerce and overseas warehouses and other new business forms through innovative regulatory methods and support policies.
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