The value of China’s cross-border e-commerce market more than doubled last year to 56.59 billion yuan. Photo: Xinhua

More duty-free spending power for China’s e-commerce consumers to help boost imports

  • Personal allowance to increase by 30pc from January 1 to US$3,750 a year as Beijing seeks to deliver on its pledge to promote global trade
  • Value of China’s cross-border e-commerce market doubled last year to 56.59 billion yuan
Topic |   China economy

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The value of China’s cross-border e-commerce market more than doubled last year to 56.59 billion yuan. Photo: Xinhua
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Orange Wang

Orange Wang

Orange Wang covers the Chinese macroeconomy, and has many years of experience with China's monetary and fiscal policy moves. He also covered global market and financial news for a long time, with a particular focus on new technologies and their influences on economic growth and society. Before joining the South China Morning Post, Orange worked as a Shanghai Correspondent for ET Net, a Hong Kong financial news agency.