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Policy supports the development of oversea warehouse

Foreign trade is an important constituent of China’s open economy and significant impetus for the development of the national economy. The recently released Implementation Opinions of the General Office of the State Council on Advancing the Innovative Development of Foreign Trade pointed out that enterprises shall be guided in accelerating the deployment of overseas warehouses and establish transportation and sales channels for Chinese Brands, and a smooth international logistics transportation system, fund settlement and payment system, and overseas service network shall be built. By 2025, relying on overseas warehouses to establish a new type of foreign trade logistics network covering the world with coordinated development. This means that China has further increased support for overseas warehouses, and it has also drawn a “road map” for the construction of overseas warehouses in the next five years.