Translation. Region: Russian Federal
Source: People’s Republic of China in Russian – People’s Republic of China in Russian –
Source: People’s Republic of China – State Council News
BEIJING, May 16 (Xinhua) — The China-SCO E-Commerce Business Meeting was held in Qingdao, east China’s Shandong Province, on Thursday, the Gongren Ribao (Workers’ Daily) newspaper reported.
The event, held at the China-SCO Regional Economic and Trade Cooperation Demonstration Zone, attracted representatives from 40 e-commerce enterprises from Iran, Kazakhstan, Afghanistan and Belarus. Domestic e-commerce giants JD, Alibaba and 120 other companies also took part. The participants discussed issues related to agricultural products, manufacturing industry and digital platforms.
E-commerce is considered one of the most promising areas of trade and economic cooperation between the SCO states. The purpose of the business meeting is to promote the establishment of multi-level, large-scale and institutionalized cooperation relations between enterprises of China and other countries of the said organization in the field of cross-border e-commerce.
According to data released during the business meeting, by the end of 2024, the volume of online retail sales in the SCO member states reached USD 3.2 trillion. Its share in the world exceeded 50%.
In particular, imports to China from other SCO member states through cross-border e-commerce last year amounted to US$53 million, up 34 percent year-on-year.
The event was organized by the China International E-Commerce Center and the Shandong Provincial Commerce Department, with the support of the Ministry of Commerce of the People’s Republic of China and the SCO Secretariat. -0-