China’s cross-border e-commerce (CBEC) sector – online trade between Chinese consumers and foreign sellers – has become a cornerstone of the country’s foreign trade. In 2023, China’s CBEC import-and-export volume reached RMB 2.38 trillion (about US$331 billion), a 15.6% jump year-on-year. This growth was driven largely by a 19.6% surge in exports, with imports up 3.9%. The chart below illustrates China’s rising CBEC trade value. Figure: China’s CBEC import-export value (RMB trillion) 2020–2023. Cross-border e-commerce in China includes both imported goods sold to Chinese consumers and Chinese exports sold abroad. It is now mainstream: a 2024 study found 188 million Chinese shoppers bought…