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China to offer stronger policy support for cross-border e-commerce

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      China

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      China to offer stronger policy support for cross-border e-commerce

      2024-08-02 20:23 Last Updated At:23:27

      China will continue to offer policy support to promote the growth of cross-border e-commerce, calling for deepened international cooperation and exchange, an official said Friday.

      Li Xingqian, director general of the Department of Foreign Trade under the Ministry of Commerce, told a press conference that China's cross-border e-commerce trade rose 10.5 percent year on year in the first six months of 2024, 4.4 percentage points higher than the country's foreign trade growth.

      From the market perspective, imports and exports with countries including France, Belgium, Spain, and Malaysia have seen relatively faster growth, Li said.

      Based on a recent survey of enterprises conducted by the ministry, nearly 80 percent of cross-border e-commerce companies are optimistic about the growth momentum in the second half of the year, he noted.

      Looking ahead, more measures will be taken to optimize the service ecosystem to better support the growth of cross-border e-commerce businesses.

      "We will optimize the service ecosystem. We will fully implement the special policies for cross-border e-commerce, support the empowerment of cross-border e-commerce to drive the development of industrial clusters, and provide guidance to local authorities in fostering exemplary models in the industry. We will organize offline events to facilitate experience sharing among the integrated pilot zones of cross-border e-commerce. We will support the brand cultivation of cross-border e-commerce," he said.

      Meanwhile, the ministry will leverage the role of local industry associations to strengthen industrial self-regulation, guide cross-border e-commerce enterprises to operate in compliance with regulations and engage in orderly competition, and actively fulfill their social responsibilities, said Li.

      "In the second half of the year, we will hold the 136th China Import and Export Fair, also known as the autumn session of the Canton Fair, where we will continue to set up a special exhibition area for cross-border e-commerce. In addition, we will encourage Chinese logistics companies to strengthen international cooperation with postal enterprises in host countries, especially to enhance the last-mile delivery capabilities of cross-border e-commerce enterprises," said the official.

      Li said enhanced international exchanges and cooperation in the area of cross-border e-commerce are encouraged, while the platforms should also expand their product categories and service functions.

      "On the other hand, we will deepen international cooperation, actively participate in international multilateral and bilateral negotiations, give full play to the communication mechanisms such as the bilateral economic and trade committee and the trade facilitation working group, and promote the experience, practices and achievements of China's cross-border e-commerce development. We will vigorously develop Silk Road e-commerce programs, and support cross-border e-commerce pilot zones, industries and enterprises at all levels to actively engage in international exchanges and cooperation. We encourage cross-border e-commerce platforms to expand their product categories and service functions, supporting both the sound development of consumer-oriented e-commerce platforms and the innovative development of B2B platforms for industrial equipment, semi-finished products and components," he said.

      China to offer stronger policy support for cross-border e-commerce

      China to offer stronger policy support for cross-border e-commerce

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      Panamanian residents dismiss Trump's claims of retaking Panama Canal

      2025-01-22 01:19 Last Updated At:02:17

      People in Panama City have firmly dismissed U.S. President Donald Trump's threat to retake the Panama Canal, calling his claims "nonsense" and saying such a move even risks world peace.

      After his presidential election win in November, Trump has made a series of expansionist remarks, including stating his plans to make Canada a U.S. state, rename the Gulf of Mexico, and gain control of the Panama Canal and Greenland.

      Last month, Trump accused Panama of treating the U.S. in a "very unfair and injudicious way," and has refused to rule out using military means or taking economic action in his pursuit of the Panama Canal.

      At the start of this year, Panama celebrated the 25th anniversary of the handover of the canal, which had been under the control of the United States for nearly a century until the end of 1999.

      During his inauguration speech shortly after taking the oath of office on Monday, Trump claimed Panama had 'violated' the treaty and said the U.S. would be "taking it back." In response, Panamanian President Jose Raul Mulino rejected Trump's position and said there is no presence of any nation in the world that interferes with the administration of Panama.

      Many residents in Panama see the canal as a symbol of national pride and consider it a crucial driver of the country's economy.

      Milena Marin, a local resident, criticized Trump's remarks and called on countries across Central America to stand together to protect their own interests from U.S. infringement.

      "First of all, the Panama Canal belongs to the Panamanians, and we are doing an excellent job managing it. Since we took over its administration, we have been doing very well. Those (Trump's statements) are words of attack. We have to take care of our canal. It has a negative impact since [Trump's remarks] affect both the environment for us Panamanians but also the image of the country. We have been doing a great job with the management of the canal. These statements definitely affect world peace. They bring such negativity around Panama. [We need] more meetings and dialogue with Central American countries, because the more united we are, the stronger and less vulnerable we will be. And I think that the union between the countries of Central America could be a great solution," said Marin.

      Meanwhile, Luis Gomez, a local photographer, said Trump's statements are lacking in reason, and said the issue should be resolved peacefully, citing the huge military disparities between the two sides.

      "The president's statements do not make sense and seem a bit illogical, since Panama is such a small country that we don't even have a [traditional] military. We have no chance of being able to confront [the U.S.] because they are a powerful country. We cannot compare ourselves to a country of such size. The impact would be overwhelming for us. The canal is important not only for Panama but also for the whole world because it allows ships and goods from all over the world to pass through smoothly," said Gomez.

      The Panama Canal, which started operation in 1914, serves as an important international waterway that links the Pacific and the Atlantic. It was taken over by the Panamanian government in 1999 following the terms set out in the Torrijos-Carter Treaties, which were signed back in 1977 by Panama's General Omar Torrijos and then U.S. President Jimmy Carter, ending 85 years of the colonial enclave known as the Panama Canal Zone.

      Panamanian residents dismiss Trump's claims of retaking Panama Canal

      Panamanian residents dismiss Trump's claims of retaking Panama Canal

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