(Photo credit: VCG)

Cross-border e-commerce helps foreign trade expand new growth space. Reporters learned from the Wenzhou Commerce Bureau that in the first half of 2019 cross-border e-commerce volume achieved its goal, with 3.36 billion yuan ranked fourth in the Zhejiang province.

In the first half of 2019, Wenzhou's cross-border e-commerce retail volume reached 3.36 billion yuan, a year-on-year growth of 36.5%, an increase of 0.7% above the province's average growth rate. It merely lags behind Jinhua's 18.68 billion yuan, Hangzhou's 6.9 billion yuan and Ningbo's 3.51 billion yuan. The cross-border network retail volume in Zhejiang province amounted to 35.2 billion yuan, and cross-border e-commerce retail volume in Jinhua, Hangzhou, Ningbo and Wenzhou accounted for 92.2% of the whole province.

Cross-border e-commerce has become Wenzhou's new engine to transform foreign trade and upgrade consumption. In Pingyang , 144 cross-border e-commerce companies have been started up, with 170 million yuan cross-border online retail volume achieved. The county's online retail volume reached 6.112 billion yuan, a year-on-year growth rate of 23.15%. Since 2019, Pingyang County has built the first cross-border e-commerce park Qiling Ge as the carrier, constructed a one-stop integrated service system for cross-border e-commerce, established and improved the e-commerce industry chain, such as pet products, leather products and massage appliances, and formed a cross-border e-commerce industrial cluster combining B2B and B2C. As the only provincial-level e-commerce innovation development pilot in Wenzhou, Pingyang invested 50 million yuan to establish Pingyang Digital Business Center, providing services for more than 5,000 entity enterprises and 15,000 household enterprises.

(Executive Editor: Yijun CHEN)