Future of Global Trade：Connecting the World through E-commerce
2016 China Cross-border E-commerce Report
Cross-border e-commerce has established a free and open, universal and inclusive global trade platform, on which millions upon millions consumers can buy worldwide while small and medium-sized enterprises can sell worldwide, truly realizing global connection and linkage. Through cross-border e-commerce big data from Alibaba’s platforms, we see that new connections are being built between China and the world via cross-border e-commerce.
- Rapid growth：It is expected that by 2020, China’s cross-border e-commerce transaction size will reach 12 trillion Yuan, accounting for about 37.6% of its total import and export, China’s cross-border e-commerce retail turnover will exceed 3.6 trillion Yuan, with an annual average increase of about 37%
- Four major growth impetuses: technological progress, consumption upgrading, industrial basis and credit guarantee.
- ECI index: According to Alibaba’s big data on cross-border e-commerce (concerning B2B export, B2C export and B2C import), we have prepared the ECI index (E-Commerce Connectivity Index between China and Major Economies), which aims to reflect closeness of connection between China and other countries in cross-border e-commerce. In 2015, the ECI between China and other G20 countries showed the following ranking: the USA, Britain, Australia, France, Italy, Japan, Canada, Germany, Korea, Russia, India, Turkey, Brazil, South Africa, Mexico, Indonesia, Argentina and Saudi Arabia.