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You mentioned the rapid development of overseas warehousing, which is key to smooth international logistics. What are MOFCOM’s measures and ideas to help businesses develop overseas warehousing in the future?(2021-09-02)

As a key overseas link in cross-border e-commerce, China’s overseas warehouses now number over 1900, covering more than 13.50 million square meters and business across the word. Of these, over 90% are located in North America, Europe and Asia.

To help businesses develop new trade business types and models faster and promote overseas warehousing, we will work in the following areas. First, we will step up training of entities. Traditional trade companies, cross-border e-commerce and logistics enterprises will be encouraged to take part in the development of overseas warehouses. Financial institutions will be spurred to strengthen innovation on export credit insurance and other financial products. Second, we will promote digital development and encourage overseas warehousing companies to connect with online comprehensive service platforms of comprehensive demonstration zones for cross-border e-commerce and domestic and overseas e-commerce platforms, match supply and demand, and explore the development of overseas smart logistics platforms. Third, we will strengthen standardization. We will push for the the setting of national, industrial and group standards in overseas warehousing for its healthy and orderly development. Fourth, we will improve overseas warehousing networks. We will support accelerated business efforts to deploy warehouses in key overseas markets and improve global service networks, so that cross-border e-commerce companies can better serve global consumers. Thank you.