Study on Chinese cross-border e-commerce payments from a "double cycle" standpoint

The rapid expansion of cross-border e-commerce in China has transformed international trade by enabling seamless digital transactions. The concept of the double cycle strategy, emphasizing both domestic and international economic circulations, has reshaped the cross-border payment landscape. While technological advancements have streamlined payment processes, several challenges remain, including regulatory complexities, security risks, and inefficiencies in transaction settlements. This paper examines the current situation of cross-border e-commerce payment in China, identifies major issues, and proposes strategic countermeasures to enhance payment systems under the double cycle framework. By addressing these challenges, China can further strengthen its role in the global digital economy and facilitate smoother international transactions.