A boom in bonded warehouses
Improvements in the logistics and supply systems in the cross-border e-commerce industry are becoming crucial for the development of this expanding market, as the number of bonded warehouses rise in China.
Last year, State-owned Henan Bonded Logistic Center started operating in the city of Zhengzhou, part of a pilot pro-gram promoted by the Chinese government to create import and export logistics platforms to deal with the outstanding order volumes generated by the country's e-commerce industry.
Its bonded warehouse, equivalent to 77 standard soccer fields, has become a crucial part of the country's booming cross-border e-commerce industry and have stored 3.4 billion yuan ($528 million) worth of imported goods this year, mostly cosmetics and food products.