China business intelligence network news: Premier Li Keqiang chaired an executive meeting of the State Council on November 21 and decided to continue and improve the cross-border e-commerce retail import policy, expand its scope of application, expand opening up and stimulate consumption potential; Deploy and promote the layout and construction of logistics hubs, and promote the improvement of the quality and efficiency of the operation of the national economy. The meeting decided that first, from January 1 next year, the current regulatory policy on cross-border e-commerce retail import will continue to be implemented, and the first import license approval, registration or filing requirements will not be implemented for cross-border e-commerce retail import goods, but will be regulated according to the imported goods for personal use. The second is to expand the scope of application of the policy from 15 cities such as Hangzhou to 22 cities with new cross-border e-commerce comprehensive pilot zones such as Beijing, Shenyang, Nanjing, Wuhan, Xi'an and Xiamen. For direct purchase and import business in non pilot cities, relevant regulatory policies can be implemented by reference
Third, on the basis of zero tariff within the limit, import value-added tax and consumption tax levied at 70% of the statutory tax payable on the goods in the retail import list of cross-border e-commerce, we will further expand the scope of goods enjoying preferential policies and add 63 tax items that are in great demand by the masses. Increase the upper limit of commodity quota enjoying preferential tax policies, increase the single transaction limit from the current 2000 yuan to 5000 yuan, and increase the annual transaction limit from the current 20000 yuan per person per year to 26000 yuan. In the future, it will be adjusted according to the increase of residents' income. Fourth, support cross-border e-commerce exports in accordance with international practices, and study and improve relevant export tax rebate and other policies. Fifth, in accordance with the principle of inclusive and prudent supervision, strengthen the implementation of the responsibilities of cross-border e-commerce enterprises, platforms, payment and logistics service providers, strengthen commodity quality and safety monitoring and risk prevention and control, maintain the market order of fair competition and protect the rights and interests of consumers
with the strengthening of globalization and the rapid development of China's e-commerce industry, cross-border e-commerce will usher in new opportunities. The professional operation of large platforms will greatly help to improve the overall reputation of the industry, and the development prospect of China's cross-border e-commerce market is optimistic. At the same time, with the popularity of mobile Internet and the rise of global consumption concept, users' demand for high-quality cross-border e-commerce will increase, and the scale of overseas Amoy users will continue to expand. According to the data, in the first half of 2018, the scale of China's import cross-border e-commerce transactions reached 1.03 trillion yuan, and it is expected to reach 1.9 trillion yuan in 2018
data source: compiled by China Academy of commerce industry
due to the promotion of national and local policies, cross-border import e-commerce has developed rapidly. In the first half of 2018, China's overseas shopping users reached 75 million and is expected to reach 88 million in 2018.
data source: the Research Report on market prospects and investment opportunities of cross-border e-commerce industry in 2018-2023 published by the China Academy of commerce industry
for more information, please refer to the Research Report on market prospects and investment opportunities of cross-border e-commerce industry in 2018-2023 issued by the China Academy of commerce industry