Summary
- China issues draft rules to promote construction of overseas warehouses and expand cross-border e-commerce businesses
- Companies like Shein, PDD Holdings’ Temu, and Alibaba’s AliExpress have seen rapid growth in shipping made-in-China products globally
- New avenue for growth for firms previously focused on domestic consumption
- Draft rules aim to improve cross-border data management, supervision of exports, and help e-commerce companies go global