Off the wire
• Rahul Gandhi slams Indian gov't development agenda  • Air raids persist in Yemen as sides tussle in UN-brokered talks  • Singapore stocks close 0.84 pct higher  • Three S. China officials under graft probe  • Survey finds HK more expensive for expats  • HK house prices to rise 10 pct this year: study  • Gold price closes down in Hong Kong  • Chinese, Australian leaders exchange congratulations on landmark FTA  • Foreign exchange rates in Singapore  • Seafloor sensors off New Zealand to yield secrets of "silent quakes"  
You are here: 　 Home

China's cross-border e-commerce booms

Xinhua, June 17, 2015 Adjust font size:

The trade volume of China's cross-border e-commerce has reached 3.32 billion U.S. dollars since China piloted cross-border foreign exchange payments in 2013, the State Administration of Foreign Exchange (SAFE) said on Wednesday.

China's cross-border e-commerce continues to boom, with its volume in the first five months of 2015 nearing the volume of the whole 2014, said SAFE senior official Du Peng at a press conference.

He attributed the transaction growth to government measures to encourage e-commerce, including lifting the country's overseas online single transaction limit from 10,000 U.S. dollars to 50,000 dollars in January.

China piloted cross-border foreign exchange payment institutions in Shanghai, Beijing, Chongqing, Zhejiang and Shenzhen in 2013 to serve growing demand for overseas online shopping. Endi