Industry News


Each platform double 11 battle report came to Tmall Jingdong each take 200 billion

According to official data released by Alibaba, double 11 will start at 0:00 on November 11 and end at 0:00 on November 12 in 2019. After 24 hours of fierce fighting, the final transaction volume was locked in 268.4 billion yuan. Moreover, this year's opening in double 11 lasted 16 hours, 31 minutes and 12 seconds, and Tmall's turnover exceeded that of the whole day last year.

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State Administration of Taxation: The taxable income rate of cross-border e-commerce in the comprehensive test area is determined at 4%.

The "Announcement" pointed out that for cross-border e-commerce enterprises in the cross-border e-commerce comprehensive test area, if they meet certain conditions at the same time, they will try out the approved corporate income tax method. Cross-border e-commerce enterprises approved for collection in the comprehensive test area shall accurately account for the total amount of income and approve the collection of enterprise income tax by means of taxable income rate. The rate of taxable income is determined uniformly at 4 per cent. The announcement will come into force on January 1, 2020.

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In the first October, the import and export freight volume at Horgos Port in Xinjiang exceeded 28 million tons.

Statistics show that the imported commodities at Horgos Port are mainly traditional bulk goods such as natural gas, wood, iron ore, wheat bran, animal fur, and licorice. The main importing countries are Turkmenistan, Uzbekistan, and Kazakhstan. The export commodities are mainly mechanical and electrical products, clothing, footwear, textile fabrics and products, fruits and vegetables, and the main exporting countries are the five Central Asian countries and Russia. With the continuous advancement of the "Belt and Road" construction, the trade space of Horgos foreign trade enterprises in Central Asia and even Russia is getting wider and wider, and the trade platform is getting bigger and bigger. Huang Haidong, department manager of Horgos Rongda Trading Co., Ltd., said: "We are doing very well in daily necessities. On average, we load about ten cars from Horgos every day, mainly to Kazakhstan, Russia and Kyrgyzstan." Horgos Customs has also taken a series of measures to continuously release reform dividends and inject new vitality into the development of port foreign trade. According to Zhu Tiantian, the fourth-level sponsor of the Khorgos Customs Comprehensive Operations Section, Khorgos Customs is actively promoting the construction of a "single window" and various reforms such as self-reporting and self-payment, summary taxation and new generation electronic payment. At the same time, it actively connects with local governments and construction parties, assists in guiding the construction of functional ports such as meat and fruits, and promotes the official opening of the "green channel" for rapid customs clearance of agricultural and sideline products, which promotes the continuous emergence of new trade formats at Horgos Port and the level of customs clearance facilitation Further improve. As an important node in the core area of the "Silk Road" economic belt, Horgos has become the nearest and most convenient port for China to Central Asia, West Asia and even Europe, and is the central hub of the Eurasian Continental Bridge. In 2018, the Horgos region achieved import and export freight volume of more than 35.74 million tons, and the import and export trade volume reached 135.2 billion billion yuan.

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Cross-border e-commerce ushered in the golden window of trade globalization breeds new opportunities for development

On December 4, the fifth global cross-border e-commerce conference officially kicked off in Jinhua, the "heart of Zhejiang. This cross-border e-commerce conference is co-sponsored by China International Electronic Commerce Center, Zhejiang Provincial Department of Commerce, and Jinhua Municipal People's Government, supported by the Foreign Trade Development Bureau of the Ministry of Commerce, Jinhua Jinyi Urban New District Management Committee, Jindong District People's Government, Jointly organized by Jinhua Customs and Jinhua Municipal Bureau of Commerce. With the theme of "Cross-border E-commerce Inclusive Worldwide", the conference brought together representatives of the "Belt and Road" co-construction of national embassies and consulates in China, leaders of relevant national ministries and commissions, leaders of cross-border e-commerce comprehensive pilot zones, well-known experts in the industry and business representatives Waiting for heavy guests to discuss the development of China's cross-border e-commerce and share new opportunities in the wave of economic globalization.

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Customs Announces | Announcement on Launching Full Coverage Pilot of "Separation of Licenses and Licenses" Reform

The announcement shows that, in accordance with the spirit of the "Notice of the State Council on Carrying out the Full Coverage Pilot Reform of" Separation of Licenses and Licenses "in the Pilot Free Trade Zone" (Guo Fa [2019] No. 25), the General Administration of Customs has decided to start from December 1, 2019. Carry out a full coverage pilot reform of "Separation of Licenses and Licenses" for business licensing matters related to customs. The relevant matters are hereby announced as follows:

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Foreign Exchange Bureau issued a document to answer the 28th document, 200000 US dollars small and micro cross-border enterprises so defined

Notice of the State Administration of Foreign Exchange on Further Promoting the Facilitation of Cross-border Trade and Investment Question 1: How will the pilot policy of trade foreign exchange balance facilitation be implemented? A: Notice of the State Administration of Foreign Exchange on Further Promoting the Facilitation of Cross-border Trade and Investment (Huifa [2019] No. 28, hereinafter referred to as the "Notice") Article 1 "Expanding the Pilot Program of Trade Foreign Exchange Balance Facilitation"

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