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I have two questions. The first is about the recent changes in cross-border e-commerce. The second is about the COVID-19 epidemic in Guangdong. What impact will it have on China's foreign trade in the near future?(2021-06-10)

Regarding your first question, according to the statistics of China Customs, in the first quarter of this year, China's cross-border e-commerce import and export reached RMB419.5 billion, an increase of 46.5% year-on-year, showing the following new features: First, channels. Cross-border e-commerce mainly relies on third-party platforms, and have gradually expanded to various new channels such as independent websites, social networking sites and search engine marketing. Second, the main players have evolved from primarily individuals and trade-oriented enterprises at the beginning to trade-oriented and production enterprises integrated for development, many production enterprises have moved online and become much more digitized. Third, products have gradually shifted from focusing solely on cost performance to also focusing on brand, quality, standard and service, and tailor-made and personalized products grew rapidly.

In the next step, we will continue to track the new features and trends of cross-border e-commerce, increase innovation in policies, management and services, create sound business environment, and promote the healthy and rapid development of cross-border e-commerce.

As for your second question, from what we know so far, the epidemic has not had any obvious impact on the supply and industry chains of Guangdong's foreign trade. Recently, Guangdong's monitoring of more than 2,000 export enterprises shows that more than half of the enterprises find that the amount of their newly signed orders have increased year on year. We will fully support Guangdong in coordinating epidemic prevention and control and its foreign trade development.