Chinese online wholesale marketplace Alibaba.com reported on its blog that cross-border demand for “Made in China” goods on its platform rose 33 percent year-on-year in the first half of 2023. Cross-border trade with Europe and the United States partially recovered through Alibaba.com between January and June, supporting continued rapid growth in orders from Southeast Asia.
E-commerce is penetrating deeper into the world’s largest economy. China’s online exports totaled RMB 821 billion (€101.8 billion) in the first six months of the year, up 19.9 percent year-on-year, according to preliminary data from the China Customs Service, growing faster than overall exports, which rose 3.7 percent year-on-year amid sluggish global economic growth.
Foreign companies’ purchasing habits are increasingly shifting to the Internet, said Qin Fen, head of industry and suppliers at Alibaba.com. “Digital foreign trade has become a must for global trade and an irreversible trend,” he said.
