China relaxes ecommerce rules and allows full foreign ownership of firms

No primary category set

In a move that seeks to boost cross-border trade with the rest of the world, China has relaxed its rules about payments and the ownership of firms.

According to Reuters: “Chinese ecommerce firms will be given state support on international projects while credit insurance services will also be introduced. Customs will streamline clearance of goods and quality supervision agencies will allow collective declaration, examination and release of goods. There will be tax sweeteners on ecommerce retail exports and settlement of payments in yuan will be promoted.”

Search Engine Land has posted its view on how these changes can be of interest to European and American ecommerce businesses and considers the changes to have opened up: “The Great Chinese ecommerce Gold Rush”

Who knows? China is a market of more than one billion people with an increasingly wealthy middle class that have money to spend, internet access and a fondness for western goods. China is certainly, no more, just to be considered a nation that supplies ecommerce sellers from its massive manufacturing base. China now buys online.

But it will be alarming to some sellers. What do you reckon?

One Response

  1. The title says China allows full foreign ownership of firms but the article doesn’t have any information regarding it.

    Regards

RELATED POSTS..

UK / EU exports to China via Alibaba up 1/3 to €32.3 billion

UK / EU exports to China via Alibaba up 1/3 to €32.3 billion

Alibaba B2B beauty category sees strong UK growth

Alibaba B2B beauty category sees strong UK growth

How to leverage Alibaba.com B2B selling with Michiel Ebbing of Alioth

How to leverage Alibaba.com B2B selling with Michiel Ebbing of Alioth

Alioth selected as Alibaba.com Multi-Market channel partner

Alioth selected as Alibaba.com Multi-Market channel partner

Alibaba.com - Growing global demand for smart fitness and sustainable sports products

Alibaba.com – Growing global demand for smart fitness and sustainable sports products

ChannelX Guide...

Featured in this article from the ChannelX Guide – companies that can help you grow and manage your business.

Latest

Take a look through a selection of the latest articles on ChannelX

Register for Newsletter

Receive 5 newsletters per week

Gain access to all research

Be notified of upcoming events and webinars