The negative list of cross-border service trade in Hainan Free Trade Port will be issued as soon as possible. Fujian's cross-border e-commerce export volume ranks third in the country

Ministry of Commerce: Hainan Free Trade Port's negative list for cross-border service trade will be issued as soon as possible

The Ministry of Commerce said that it is actively promoting the negative list of cross-border trade in services for Hainan Free Trade Port in conjunction with Hainan Province and relevant departments, and strives to issue it as soon as possible. Based on the Hainan list, the Ministry of Commerce will work with relevant parties to study and formulate a negative list of cross-border trade in services for the free trade pilot zone based on the actual development of the free trade pilot zone, further expand the breadth of pilot exploration, promote the free trade pilot zone to connect with international high-standard rules, deepen institutional opening, and explore and accumulate experience for establishing and improving the negative list management system for cross-border trade in services.

Ministry of Commerce: Let e-commerce promote consumption to a new level

People's Daily Online, Beijing , April 1 (People's Daily Online) - On March 31, the Ministry of Commerce held a video conference to mobilize and deploy the third "Double Product Online Shopping Festival". Ren Hongbin, member of the Party Leadership Group and Assistant Minister of the Ministry of Commerce, said that e-commerce will take consumption promotion to a new level and make positive contributions to promoting the formation of a strong domestic market and serving the construction of a new development pattern.

Organizing and carrying out the "Double Product Online Shopping Festival" is a specific measure to implement the key task of the Central Economic Work Conference to "promote the formation of a strong domestic market" and the "Government Work Report" on the clear requirements of "developing new consumption formats and models". This measure conforms to the needs of the ever-increasing consumption of urban and rural residents, has received positive responses and enthusiastic participation from e-commerce companies, and has received strong support from local commercial authorities. It is also an exploration in the field of e-commerce to accelerate the high-quality development of the industry.

Fujian's cross-border e-commerce exports are the third largest in China, and it is experiencing a strong development

Cross-border e-commerce has changed the traditional way of trade. The integration of digital technology and traditional foreign trade has fostered new formats and provided new opportunities for the transformation and upgrading of traditional foreign trade. China's cross-border e-commerce trade has developed rapidly. In 2019, China's cross-border e-commerce retail imports and exports reached 186.21 billion yuan, five times that of 2015, with an average annual growth rate of 49.5%. According to data from the General Administration of Customs, China's cross-border e-commerce imports and exports grew by 31.1% in 2020.

Nanjing held a cross-border e-commerce development promotion meeting and 25 projects were successfully signed

On the afternoon of March 31, the Nanjing Cross-border E-commerce Development Promotion Conference was held at the Hangzhou International Conference Center. The conference attracted more than 200 people, including senior executives from well-known cross-border e-commerce companies such as Hangzhou Jiacheng International Logistics Co., Ltd. and Ningbo International Logistics Development Co., Ltd., as well as representatives from business associations such as the Hangzhou Cross-border E-commerce Association and the Gangwon Province Cosmetics Industry Promotion Association of Korea. 25 cross-border e-commerce industry chain projects such as the Global Trade Jiangsu Headquarters Project and the Pan-Jie Cross-border Supply Chain Project were signed on the spot.

South Korean media: LG Electronics will withdraw from the smartphone business, the buyer has not yet been determined

At noon on April 1, South Korea's Herald Business Daily quoted an unnamed industry insider as saying that LG Electronics has decided to shut down its smartphone business and will officially announce it at the board meeting on April 5.

It is reported that LG had considered selling its mobile phone business and had negotiated with buyers for this purpose. However, the buyers wanted to acquire a business with patents, while LG was unwilling to sell such a business, so the negotiations ultimately ended in failure.

An industry insider analyzed that LG Electronics' smartphone business only accounts for about 1% of the global market share, making it difficult to sell at a high price.

Japan designates five tech giants, including Amazon, Google and Apple, as targets for regulation

According to media reports, Japan's Ministry of Economy, Trade and Industry has designated Amazon Japan, Google, and Apple, three American companies, and Rakuten Group and Yahoo, two Japanese companies, as the subjects of the new law to regulate IT giants. The law stipulates that the above-mentioned companies are obliged to disclose contract terms and strive to make transactions with customer companies transparent. The Japanese-style regulation of IT giants has officially started. The new law is the "Law on Improving Transparency and Fairness of Specific Digital Platforms" implemented in February.

Cross-border e-commerce market