Balancing Cross-Border E-Commerce Against Capital Outflows

| BY

Marilyn Romero

A new law in January should boost China's cross-border e-commerce, but rules now introduced by SAFE also reflect concerns about controlling capital outflows.

E-commerce

Late last year, the Ministry of Commerce, the National Development and Reform Commission, the Ministry of Finance, the General Administration of Customs, the State Administration of Taxation and the State Administration for Market Supervision, jointly issued a Circular on Improving Supervision of Cross-Border E-Commerce Retail Imports, which took effect on January 1, 2019. The General Administration of Customs also issued a separate circular, effective from the same date that, collectively with the previous circular, has become known as the New Cross-Border E-Commerce Regulations, or CBE Regulations.

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