New Cross-Border E-Commerce Policies Help SMEs Expand into Global Markets

Policy Highlights

The Ministry of Commerce, in collaboration with multiple departments, has released new policies on cross-border e-commerce, which mainly include:

1. Simplified customs clearance

Simplify the declaration process to achieve "one-click clearance," reducing average clearance time by 60%.

2. Tax incentives

Cross-border e-commerce enterprises that meet the eligibility criteria will receive income tax reductions and an increased VAT refund rate.

3. Financial Support

Establish a special fund to provide low-interest loans and credit guarantees for small and medium-sized enterprises.