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15 July 2015

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Yueyang Approved as National Pilot Cross-border E-commerce Zone

2019-12-26 Download Print Comment
On December 24, the State Council, China’s cabinet, announced the 24 newly-approved cities as national pilot cross-border e-commerce zones. Yueyang is on the list, as Hunan’s second of such kind, after Changsha. 
According to the circular, related provincial-level governments should enhance organization and highlight local features and advantages in building the pilot zones,  improve the specific implementation plan as soon as possible, and organize the implementation. They are required to learn from and promote good examples of the first three batches of pilot zones; exempt added-value tax and consumption tax for retail and exported goods; and, promote industrial transformation and upgrades, brand building, and free trade, among others.   
Changsha is among the third batch of pilot cross-border e-commerce zones, together with another 21 cities, including Beijing, Wuhan, and Nanchang, announced on July 13, 2018. 
According to the data of the Hunan Provincial Department of Commerce, Hunan’s cross-border e-commerce between January and November reached 910 million USD. The annual total is expected to overfill the target of one billion USD. Hunan’s cross-border e-commerce ushers in the golden age. 
This article is from Hunan Provincial Government
Translator: Pang Yuehui
Chinese source: