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China cross-border e-commerce expands

BEIJING: China's cross-border e-commerce has sustained a steady expansion against global uncertainties as many e-commerce platforms step up investment and innovation in logistics and retail services to improve the shopping experience for global consumers.

Initial estimates show that the imports and exports of China's cross-border e-commerce amounted to about 1.7 trillion yuan (about $232.6 billion) in the first three quarters of 2023, a year-on-year increase of 14.4 percent, according to the General Administration of Customs.