Cross-border exports
As of 2021, China had around 4,700 cross-border e-commerce companies, most of which were small and medium-sized enterprises. In that year, the gross merchandise value generated by international online trade accounted for around 36 percent of the total import-export value in China. Driven by the development of logistics and digital payments, many Chinese e-commerce companies set up strategies to acquire more overseas markets. Aliexpress, the subsidiary of China's online retailing giant Alibaba, defeated eBay to become the second favorite website among cross-border online shoppers. Besides, half of the ten most downloaded shopping apps in Google Play Stores were operated by Chinese exporters.After the coronavirus outbreak in 2020, selling on online cross-border marketplaces like Aliexpress and wish.com became a way for many Chinese manufacturers to tackle their economic predicament. To stimulate the growth of cross-border e-commerce, China opened 27 new pilot zones in 2022, making the total number of cross-border e-commerce pilot zones 132. Enterprises located in these pilot zones were supported through tax deductions on exporting.