Cross-border e-commerce rises as policy shifts

China's goods trade via crossborder e-commerce platforms rose to 111.04 billion yuan ($16.13 billion) in the first 10 months of 2018, as the country continues to lift individuals' annual transaction volume cap, officials said on Friday.

Through this fast-growing sector, the country's imports surged 86 percent year-on-year to reach 67.18 billion yuan between January and October, while exports jumped by 173.9 percent year-on-year to 43.86 billion yuan, according to data from the General Administration of Customs.

"China will continue to adjust the product list and tax policies for cross-border e-commerce retail imports," said Li Chenggang, assistant commerce minister.