Business / 2016 Top 10

Top 10 new economy issues in China

By Zhu Lingqing ( Updated: 2016-07-14 07:16

9. Cross-border economy

Top 10 new economy issues in China

Workers sort out imported goods at the Hangzhou Cross-Border E-Commerce Industrial Park in Hangzhou, Zhejiang Province, November 10, 2015. [Photo/ Xinhua]

While the cross-border economy has huge development potential, it is facing increasing competitions of dominance on rules.

The new engines of cross-border economy include shortening the supply chain and enhancing competiveness, and promoting the upgrading and transformation of traditional sectors.

In addition, developing cross-border e-commerce trade service ecology and establishing a global online credit system are the new sector formats of cross-border economy.

It also opens new windows of promoting reform and opening up in the new period and assisting "the Belt and Road" and the Internet.

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