BEIJING, June 17 -- The trade volume of China's cross-border e-commerce has reached 3.32 billion U.S. dollars since China piloted cross-border foreign exchange payments in 2013, the State Administration of Foreign Exchange (SAFE) said on Wednesday.
China's cross-border e-commerce continues to boom, with its volume in the first five months of 2015 nearing the volume of the whole 2014, said SAFE senior official Du Peng at a press conference.
He attributed the transaction growth to government measures to encourage e-commerce, including lifting the country's overseas online single transaction limit from 10,000 U.S. dollars to 50,000 dollars in January.
China piloted cross-border foreign exchange payment institutions in Shanghai, Beijing, Chongqing, Zhejiang and Shenzhen in 2013 to serve growing demand for overseas online shopping.
Chinese students learn Duanwu customs in Hefei, Anhui
Abandoned village swallowed by nature
Graduation: the time to show beauty in strength
School life of students in a military college
Top 16 Chinese cities with the best air quality in 2014
Mysterious “sky road” in Mount Dawagengzha
Students with Weifang Medical University take graduation photos
PLA soldiers conduct 10-kilometer long range raid
Stars who aced national exams
New PLA campaign targets new recruits
Island construction can benefit wider region
Market studies
Zen harvest for Shaolin monksDay|Week
