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China's cross-border e-commerce booms

(Xinhua)    18:16, June 17, 2015
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BEIJING, June 17 -- The trade volume of China's cross-border e-commerce has reached 3.32 billion U.S. dollars since China piloted cross-border foreign exchange payments in 2013, the State Administration of Foreign Exchange (SAFE) said on Wednesday.

China's cross-border e-commerce continues to boom, with its volume in the first five months of 2015 nearing the volume of the whole 2014, said SAFE senior official Du Peng at a press conference.

He attributed the transaction growth to government measures to encourage e-commerce, including lifting the country's overseas online single transaction limit from 10,000 U.S. dollars to 50,000 dollars in January.

China piloted cross-border foreign exchange payment institutions in Shanghai, Beijing, Chongqing, Zhejiang and Shenzhen in 2013 to serve growing demand for overseas online shopping.

(For the latest China news, Please follow People's Daily on Twitter and Facebook)(Editor:Yao Xinyu,Bianji)

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