On September 22th, 2020, the 4th Global Cross-border E-commerce Conference took place in Zhengzhou, Henan's capital in China. Simultaneously, a report on the Development Index of Pilot Cross-border E-commerce Zones was released [1].
Opening Ceremony of the 4th Global Cross-border E-commerce Conference in Zhengzhou
The report has divided the 105 pilot zones into three levels based on development foundation, scale, and innovation. They are 15 Leading Pilot Zones: Guangzhou, Shenzhen, Hangzhou, Ningbo, Zhengzhou, Shanghai, Beijing, Tianjin, Qingdao, Nanjing, Chengdu, Xiamen, Dongguan, Zhuhai and Chongqing.
Details about Guangzhou, Hangzhou, and Zhengzhou Pilot Zone:
Guangzhou | Hangzhou | Zhengzhou | |
Ranking in 2020 | 1 | 3 | 5 |
Geographical location | South of China | East of China, near Shanghai | Central of China |
Approved in | 2016 | 2015 | 2016 |
Website | |||
Typical sub zone and mode for imported goods | Nansha Bonded Zone: B2B2C; Zhuangyuan Vally and Baiyun Airport: B2C | Xiacheng Zone: B2C; Xiasha Zone: B2C + B2B2C; Airport Zone: B2C + B2B2C | Henan Bonded Logistics Center: B2C + B2B2C; Xinzheng Bonded Zone: B2C + B2B2C |
Spotlight | Commodity traceability system | Tmall Global and Kaola platforms | The pilot of import drugs and medical devices |
Facts | According to the official report, from 2014 to 2019, CBEC transactions in Guangzhou increased from 1.46 to 38.59 billion yuan, a 25 times increase. | According to the official report, CBEC exports in Hangzhou totaled 54.53 billion yuan, and imports totaled 22.76 billion yuan in 2018. | According to the official report, cross-border e-commerce transactions in Zhengzhou reached 57.02 billion yuan in 2018. |
The development of the pilot CBEC zones is one of China's high-level opening-up policies to encourage foreign investment and boost economic growth. On September 21 2020, China announced plans for three new pilot free trade zones in Beijing, Hunan, and Anhui [2], boosting the number of the country’s Free Trade Zones to 21. In addition, an existing free-trade zone in the wealthy Eastern Province of Zhejiang will also be expanded.
Chronology development of approved Pilot Free Trade Zones in China
In 2013- Shanghai
In 2015 - Guangdong, Tianjing and Fujian
In 2017 - Liaoning, Zhejiang, Henan, Hubei, Chongqing, Sichuan and Shaanxi
In 2018 - the entire Hainan Island
In 2019 - Shandong, Jiangsu, Guangxi, Hebei, Yunnan and Heilongjiang
China's 105 pilot CBEC zones by April 2020, made by Asia Briefing
Relevant Reading:
May 8, 2020, China Newly Establishes CBEC Comprehensive Pilot Zones in 46 Cities and Regions
June 5, 2020, Master Plan for Hainan Free Trade Port Unveiled: Trade and Investment Liberalization
Disclaimer: All images used in this article are from the internet.
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