MIL-OSI Russia: China’s cross-border e-commerce volume to hit record 2.71 trillion yuan in 2024

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

SHIJIAZHUANG, June 17 (Xinhua) — China’s cross-border e-commerce volume will reach 2.71 trillion yuan (about 377.5 billion U.S. dollars) in 2024, hitting a new historical high, Cai Junwei, deputy head of the statistical analysis department of the General Administration of Customs, said Monday at the China International Economic and Trade Talks in Langfang, north China’s Hebei Province.

According to the department, in 2024, China’s cross-border e-commerce export volume exceeded 2 trillion yuan for the first time, reaching 2.15 trillion yuan, up 16.9 percent from the previous year.

“Since the beginning of this year, there has been a trend of steady recovery and improvement in the Chinese economy. The trade in goods has shown great resilience to external pressure, and China’s foreign trade volume in cross-border e-commerce has maintained a trend of further growth,” Cai Junwei said.

According to him, more than 70 percent of Chinese companies express confidence that cross-border e-commerce exports and imports will remain stable or will grow further in 2025. -0-

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