Eased cap set for cross-border e-commerce

China will further encourage cross-border e-commerce transactions by easing the annual cap on transborder online purchases and adding categories of imports to the duty-free list, the Ministry of Finance announced on Friday.

Starting next year, the annual duty-free quota for crossborder e-commerce purchases for individual buyers will be lifted to 26,000 yuan ($3,745) from the current 20,000 yuan. The cap might be further eased in the future, as local residents' income grows, the ministry said in a statement.

The tax-free limits on single transactions will increase to 5,000 yuan from 2,000.