After the epidemic, cross-border e-commerce and domestic e-commerce platforms will develop more rapidly.

This is an effective way for China to fight the epidemic situation and the future for a long period of time, to play the dividends of the Chinese market and unlock the consumption potential.

Favorable conditions for the development of domestic cross-border e-commerce after the epidemic:

First, the Party Central Committee and the State Council attach great importance to it. The number of domestic pilot cities for cross-border e-commerce reached 59 in three batches. In April this year, the Standing Committee of the State Council decided to add another 46, and the country now has 105. President Xi Jinping has made important instructions to cross-border e-commerce and e-commerce, especially rural e-commerce, and visited some pilot cities and rural e-commerce during the inspection. The country promotes cross-border e-commerce and Internet e-commerce platforms, which is not available in other countries.

Second, mobile payment has been popularized throughout the country, and digital currency is now being promoted. The People’s Bank of China has begun to promote digital currencies. On the basis of mobile payments, digital currencies matching national currency issuance, currency circulation, RMB settlement, and RMB internationalization will bring new changes to payment methods in the future. On the basis of the use of mobile payments in China, the internationalization of the RMB will be accelerated. Everyone will use digital currencies abroad and cross-border mobile payments to form a network system based on RMB payments. This will be a major breakthrough for us to get rid of the constraints imposed by the US dollar-based payment system.

Third, China has formed a rural organization and management method like rural e-commerce. I just released China’s 2019 e-commerce report, and there are specific figures in the report, so I won’t go into details.

Fourth, online retail is now innovating at a rapid pace. Some people say that this is called the online global immigration society, and it has become an online cross-border immigration. Therefore, I think that in the future, various retail formats such as live broadcast e-commerce, Internet celebrity economy, and small video will be further transformed, which may bring greater convenience to people. For example, simulation, such as virtual reality.

In the current situation that all industries and industries are affected by the epidemic, the e-commerce industry’s performance against the current flow proves the future development potential of e-commerce.