Cross-border e-commerce key to China's foreign trade

China will take further steps to promote the development of cross-border e-commerce — a crucial pillar of the country's foreign trade, the State Council, the country's Cabinet, said on Friday.

Highlighting its rapid growth, immense potential and catalyzing effect, the State Council executive meeting chaired by Premier Li Qiang stressed the need to further expand the comprehensive pilot zones of cross-border e-commerce to cover more areas.

Meanwhile, efforts will be made to promote the upgrade of these pilot zones, a move that will involve new regulatory approaches in areas such as Customs clearance, taxation, foreign exchange and data flow, according to the meeting.