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  • Beijing Review

    Robust Cross-Border E-Commerce Cooperation

    Jul 21, 2022 5 minutes
    By Cao Li & Wang Qianzheng
    Copyedited by G.P. Wilson

    Over these recent years of rapid development, cross-border e-commerce (CBEC) has become a common form of digital international trade. The COVID-19 pandemic has further accentuated the advantages of CBEC as a trade model that features less exposure to the virus and low physical contact, and provides a cushion against the negative impacts of the pandemic in sectors such as transportation.

    According to the Universal Post Union, retail e-commerce sales worldwide were valued at $4.9 trillion in 2021, up 17 percent year on year. This growth rate was double the global average, and the increase is expected to reach as much as 9 percent per year from 2021 to 2023. In 2020, Asia-Pacific economies accounted for 53.6 percent of

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