Challenges and Countermeasures for Chinas Cross-Border E-Commerce in International Market Competition under the Belt and Road Initiative
Under the Belt and Road initiative, Chinas cross-border e-commerce faces several challenges in international market competition, including difficulties in brand development, issues in logistics and supply chain management, risks and problems related to cross-border payment services, and localization and compliance issues. To address these challenges, Chinas cross-border e-commerce can implement the following countermeasures: First, deepen brand development by enhancing cultural recognition and emotional connections. Second, optimize logistics and supply chain management to reduce logistics costs and improve efficiency. Third, innovate payment settlement methods to enhance transaction convenience, strengthen regulatory cooperation with relevant countries, jointly establish cross-border e-commerce payment standards, and improve transaction security. Finally, understand local markets in depth, form localized teams, learn about overseas regulations, and establish a sound compliance management system to effectively address compliance challenges and achieve sustainable development. Through these measures, Chinas cross-border e-commerce can better seize market opportunities and enhance international competitiveness under the Belt and Road initiative.
Authors
- Jianwei Gong (ORCID: https://orcid.org/0000-0003-4651-8473)
Institutions
- Fort Hays State University (US)
Publication Details
- Journal
- Advances in Economics Management and Political Sciences
- Published
- 2024-11-29
- DOI
- https://doi.org/10.54254/2754-1169/2024.17763
- Primary Topic
- E-commerce and Technology Innovations
- Type
- article
- Field-Weighted Citation Impact
- 0.00