The Ministry of Commerce (MOFCOM) will announce policies to accelerate the construction of overseas warehouses to enhance China's cross-border e-commerce sector, the People's Daily reported on Tuesday.
Industry observers said that this move will help optimize the cross-border e-commerce landscape and drive growth in China's foreign trade.
Chinese companies have more than 2,500 warehouses overseas with a total area of 30 million square meters. There are more than 1,800 warehouses specifically dedicated to serving cross-border e-commerce, with a total area of 22 million square meters.
The number of cross-border e-commerce entities in China has exceeded 120,000, with more than 1,000 cross-border e-commerce industrial parks, according to the report.