Ningbo unveils plan to become global cross-border e-commerce hub
China DailyNingbo has recently rolled out an ambitious plan to transform itself into an international hub city for cross-border e-commerce under the motto "Buy Global, Sell Global" by 2027. The comprehensive plan outlines ambitious targets set by Ningbo for the expansion of cross-border e-commerce: By the end of this year, the city aims to achieve a cross-border e-commerce export volume of 45 billion yuan, with cross-border e-commerce import and export accounting for over 20 percent of Zhejiang's total. Looking towards 2027, Ningbo envisions doubling its cross-border e-commerce export volume from the 2024 level, significantly boosting its contribution to the city's foreign trade exports. Furthermore, Ningbo is striving to establish at least one cross-border e-commerce platform with an annual transaction scale exceeding 10 billion yuan.