Briefly

Cross-border deals in e-commerce to surge

Cross-border e-commerce transactions are estimated to reach 20.5 trillion yuan ($3.15 trillion) in 2022 in China, according to a report from the National Intellectual Property Administration. The country's cross-border e-commerce sector has expanded rapidly in recent years, with small and medium-sized e-commerce platforms maintaining an annual growth rate of 30 percent, the report said. As the sector continues to flourish, the report urged for global efforts to protect intellectual property rights to ensure smooth cross-border e-commerce transactions.

Steel exports increase by 9% in November

Steel firms saw a third consecutive monthly increase in exports in November, driven by rebounding demand in overseas markets, according to the Ministry of Industry and Information Technology. The country's steel exports rose by 9 percent on a monthly basis to 4.4 million metric tons in November and are expected to further increase in December, the ministry said. The competitive advantages of China's steel prices in the international market and the pickup of overseas demand contributed to the increase in China's steel exports.

Xinhua