📈 China’s E-commerce Surge
- China now has over 80,000 companies in cross-border e-commerce (CBEC).
- In 2023, the sector grew by 15.6%, reaching $326B in export volume.
- China exports $10 for every $1 imported, mostly low-cost goods.
- The government supports this surge with initiatives like “Silk Road e-commerce” and tech-driven pilot zones.
🛡️ U.S. and EU Push Back
- The U.S. is taking steps against companies like Shein and Temu, tightening rules on tariff-free imports under $800.
- The EU and other regions are considering regulations to curb Chinese e-commerce dominance.
- Both the U.S. and EU aim to protect their markets from China’s pricing advantages and product overflows.
Will regulations stop China’s e-commerce dominance?
