In the past five years, the scale of cross-border e-commerce trade in China has increased by more than ten times
In recent years, the rapid rise of China's cross-border e-commerce has become a new bright spot in the development of China's foreign trade, and has become a new advantage of China's service trade. Data show that in the first three quarters of 2024, China's cross-border e-commerce imports and exports reached 1.88 trillion yuan, an increase of 11.5% year-on-year, both reaching a record high. In the past five years, the scale of cross-border e-commerce trade in China has increased by more than 10 times.
At the fifth Service Industry Opening and Service Trade Development Forum held on December 29, Luo Libin, deputy dean of the School of Economics of Beijing International Studies University, believed that since the reform and opening up in 1978, China has made great economic achievements by attracting global resources into China with the advantage of low-cost labor, developing labor-intensive industries and exporting them. However, with the development of The Times, the structure of production factors in China has changed, and labor is no longer the most abundant factor, and the export advantage of labor-intensive industries has gradually weakened.
But at the same time, China has new advantages, one of which is the refinement of the domestic division of labor. Luo Libin said that China's huge population and huge market size make the integration of division of labor and economies of scale, which can produce huge economies of scale.
The new version of the National Occupational Classification, which was revised in September 2022, has a net increase of 158 occupations, and the emergence of new occupations such as escorts and role playing is the result of the division of labor. "The refinement of the division of labor brings about the accumulation of human capital, the improvement of efficiency and the increase of income, which further promotes the expansion of the market size and the further refinement of the division of labor, forming a virtuous circle, which is China's unique advantage." Luo Libin said.
The new version of the National Occupational Classification, which was revised in September 2022, has a net increase of 158 occupations, and the emergence of new occupations such as escorts and role playing is the result of the division of labor. "The refinement of the division of labor brings about the accumulation of human capital, the improvement of efficiency and the increase of income, which further promotes the expansion of the market size and the further refinement of the division of labor, forming a virtuous circle, which is China's unique advantage." Luo Libin said.
Another important advantage is the widespread use of digital technology in China. In the past decade or more, the development of digital technologies such as mobile payment, express logistics, computing power, algorithms, and search and matching has enabled Chinese industries to rise from geographic spatial agglomeration to data spatial agglomeration, breaking through spatial limitations, reducing labor division costs, and improving labor division benefits, thus achieving a more detailed and balanced level of labor division.
Luo Libin said that the successful practice of domestic e-commerce has laid the foundation for the development of cross-border e-commerce, and the emergence of cross-border e-commerce giants such as Pin-duo International Edition, SHEIN, and Douyin has passed the advantages of domestic division of labor to the international market, making cross-border e-commerce an important carrier of China's new advantages in foreign trade.
Resource: 京报网
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