China's cross-border e-commerce helping bolster globalization

China's cross-border e-commerce is driving small and medium-sized enterprises to participate in international trade and investment, which will add strong impetus to globalization despite rising anti-globalization sentiments overseas, experts and business leaders said.

"Cross-border e-commerce greatly lowers the bar to enter global trade as the scale of doing business online doesn't need to be huge. Thereby, it is involving more participants, especially SMEs, in commerce worldwide," said Liao Xiaoqi, former vice-minister of commerce, prior to the Boao Forum for Asia, which officially kicks off on Thursday.

"Though globalization is facing some headwinds, cross-border e-commerce is expected to bolster and promote its development," said Liao, adding that with globalization, it is people across the world that will benefit in the end.