Hangzhou unveils plans for $40bn international e-commerce hub

The capital of China’s eastern Zheijang province Hangzhou last week unveiled plans to position itself as an international e-commerce hub offering information sharing, financial services, intelligent logistics, e-commerce credit, statistical monitoring, and risk control.
By the end of next year, the city also plans to provide simplified customs clearances procedures, by which time it intends to be home to more than 5,000 cross-border e-commerce companies, 10 cross-border e-commerce industrial parks and 20 cross-border e-commerce incubation platforms. With the next two years it expects to have built the capacity to be able to process $30bn export and $10bn import transactions. The Hangzhou cross-border e-commerce pilot zone was established in 2015.

Source: chinadaily