Over10,000 firms move to cross-border e-commerce hubs in 2020

More than 10,000 Chinese enterprises moved to cross-border e-commerce hubs for foreign trade in 2020, according to the latest business operation data released by the Ministry of Commerce.

The volume of imports and exports on the cross-border e-commerce platforms has grown by 31.1 percent year-on-year last year.

The export volume through market procurement trade methods in the country's 31 pilot markets hit a record high of around $100 billion in 2020.