A recent policy change has revolutionized customs procedures for e-commerce retail imports by extending customs duty guarantee insurance to the realm.
The express delivery sector in Yiwu, a county-level city in Jinhua, Zhejiang province, has seen remarkable growth, with a cumulative volume of 8.165 billion from January to August, marking a 14.03 percent year-on-year increase, according to the Yiwu postal administration.
To expedite the export process for small cross-border e-commerce orders at a lower cost, businessmen in Yiwu have honed in on the pivotal role of "consolidation agents".
The Zhejiang International Electronic Commerce Expo 2024 commenced in Yiwu, a county-level city in Jinhua, Zhejiang province, on Sept 1, and will run until Sept 3.
In the first half of 2024, Yiwu's express delivery volume reached an impressive 6 billion parcels, marking a 16.7-percent year-on-year increase.
In the first half of this year, Jinhua's express delivery sector achieved an impressive milestone, handling over 8.03 billion parcels, a 19.8-percent increase from the previous year.
Niche sports products, intelligent hardware, smart home devices and customized small machinery equipment made by Chinese manufacturers are becoming popular among overseas consumers, whose demand for personalized commodities is rising.
Yiwu in Zhejiang province handled 8.23 billion parcels in the first three quarters of this year, up 16.5 percent year-on-year.
