Despite China's economy facing challenges, one of the sectors that has grown a lot over the past five years is cross-border e-commerce. Every day approximately nine million parcels are exchanged between China and countries around the world, making it easier and faster for consumers to "buy globally." Over the past five years, the scale of China's cross-border e-commerce trade has grown more than tenfold.
Against this background, we are seeing a growing interest from foreign investors to get a foothold in the international freight-forwarding industry in China. The country welcomes this kind of investment. In 2019, China abolished specific restrictions on the establishment of international freight forwarding enterprises by foreign investors and simplified the approval procedures for setting up a foreign-invested international freight forwarding business in China. The following conditions and procedural requirements remain:
