Overseas and e-commerce

Today, exporting products and utilizing e-commerce are becoming increasingly important for businesses in the global economy. As the world becomes more interconnected, businesses of all sizes are looking to expand their reach and tap into new markets. Exporting allows companies to access new customers, increase sales and revenue, and diversify their customer base.

Ecommerce, on the other hand, has revolutionized the way businesses sell and market their products. Online platforms such as Amazon, Alibaba, and Etsy have made it easier than ever for businesses to reach a global audience. Ecommerce has also made it possible for small businesses and entrepreneurs to compete with larger companies on a level playing field.

One example of this trend is the work of Yan Xinhua, the chairman of a logistics company in Yinchuan, China. 

Yan began a direct logistics service to export products from the Ningxia region to overseas markets just two years ago, and now ships out 3,000 containers per year. 

This growth can be attributed to the export-oriented policy in recent years, which has greatly pushed forward overseas trade in Ningxia. In the first ten months of this year alone, Ningxia imported and exported 21.4 billion yuan ($3 billion) worth of goods, a 57.6 percent year-on-year increase.

One reason for this success is the use of the bonded logistics system in Ningxia. This system offers a one-stamp clearance service with customs, allowing goods to be sent abroad by sea freight or railway without any transit. 

This can greatly improve customs clearance efficiency, save half the transport time, and reduce 30 percent of transport costs. Additionally, with pro-export policies in customs clearance and taxes, ecommerce is playing a more important role in cross-border transactions, bringing more business opportunities.

In Yinchuan, for example, ecommerce is being utilized to connect businesses in a geographical backwater with customers around the world. The city has set up a comprehensive cross-border ecommerce pilot zone, including five cross-border ecommerce industrial parks and a bonded zone cross-border ecommerce incubation base. According to official statistics, China's cross-border ecommerce volume increased nearly 10 times in five years to 1.92 trillion yuan last year.

Enterprises in Yinchuan are taking advantage of this trend by renting warehouses in countries such as the United States, Kazakhstan, and Singapore. They are selling a wide variety of goods, from furniture and auto parts to cosplay costumes, to customers in markets such as North and South America, Southeast Asia, the Middle East, and Europe. The bonded zone in Yinchuan is also establishing duty-free shops for imported goods to tap into the local market for foreign businesses.

By taking advantage of pro-export policies and utilizing ecommerce, businesses can reach customers around the world and tap into new markets, greatly expanding their potential for growth and success. Exporting products, businesses can increase their customer base, increase sales, and diversify their revenue streams. Ecommerce has made it easier for businesses of all sizes to reach a global audience, and has level the playing field for small businesses and entrepreneurs. As the world becomes more interconnected, exporting and ecommerce will continue to play a vital role in the success of businesses worldwide.

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