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.

Cross-border e-commerce platforms have played a prominent role in ensuring anti-Covid-19 supplies and providing international assistance amid the pandemic, the report noted.

As the sector continues to flourish, the report calls for global efforts to protect intellectual property rights to ensure smooth cross-border e-commerce transactions.