ZCZC
BCN-18
CHINA-E-COMMERCE-MARKET-US FIRMS
China’s e-commerce market offers great opportunities for U.S. firms:
experts
LEXINGTON, the United States, May 26, 2019 (BSS/Xinhua) – China’s fast
growing e-commerce market offers great opportunities for U.S. companies,
experts have said, urging the two sides to enhance cooperation in this area.
“There are tremendous opportunities for U.S. companies to access Chinese
consumers through cross-border e-commerce,” said Alan Turley, deputy
assistant secretary for China and Mongolia in the U.S. Commerce Department.
“It is not only a market of tremendous volume, it’s a market of tremendous
innovation and tremendous dynamism,” Turley said in a keynote speech at the
Fifth China-U.S. Governors Forum held in the U.S. state of Kentucky.
China General Chamber of Commerce – USA Chairman Xu Chen said China’s
online consumer market is “expanding rapidly,” which means great potential
for U.S. companies in the coming years.
“Many U.S. products, especially those from small and medium-sized
enterprises, are products that Chinese consumers want to buy,” Xu, who also
serves as the president and CEO of Bank of China USA, told Xinhua at the
three-day forum, which concluded Friday.
To facilitate cross-border e-commerce transactions, Xu said, Bank of China
has developed an e-payment channel which connects Chinese and U.S. e-commerce
platforms and helps promote business exchanges.
Along with tremendous opportunities, Turley said there are also some
challenges in cross-border e-commerce, including the compatibility of
standards.
BSS/XINHUA/HR/1457