China's cross-border e-commerce transactions to top US$3 trillion in 2022

Workers sort packages for delivery at a warehouse of China Post Group in Hengyang, in central China's Hunan province on Nov 12, 2020, a day after the end of the Singles' Day shopping festival. - STR / AFP

BEIJING (Xinhua): China's cross-border e-commerce transactions are estimated to reach 20.5 trillion yuan (about US$3.15 trillion) in 2022, according to a report.

The country's cross-border e-commerce sector has expanded rapidly in recent years, with small and medium-sized e-commerce platforms maintaining an annual growth rate of 30 per cent, according to a report from the National Intellectual Property Administration.