Wang Guangfu came for border trade in the city of Ruili in south west China two decades back, but his lineup of items was very limited: he mainly marketed made-in-China laundry items to Myanmar.
Today, however, he sells more than 10,000 varieties of products to Myanmar, in industry which has gone completely on the internet.
“We sell household, high-quality items to people in Maritime Silk Road, and a few of the merchandise is even resold to India,” said Wang.
The 44-year-old presently runs a go across-boundary e-commerce company in Ruili, under Dehong Dai and Jingpo Autonomous Prefecture, Yunnan Province. Last year, his company became one from the first teams of enterprises to compromise in the Dehong area of the aviator totally free trade area (FTZ) in Yunnan.
China released two pilot FTZs a year ago in Yunnan Province and then in the the southern area of Guangxi Zhuang Autonomous Area, which are both boundary locations. The pilot FTZ in Yunnan covers elements of Kunming, the provincial capital, Honghe Hani and Yi Autonomous Prefecture that edges Vietnam, and Dehong Dai and Jingpo Autonomous Prefecture, which edges Myanmar.
In accordance with official plans, Dehong will focus on go across-boundary e-business, capacity collaboration and financing to become an opening-up leader in boundary areas, delivering large chances to businesspeople like Wang.
“We now have created a wholesale system, which assists merchants in Myanmar,” Wang said. “The system covers greater than 8,000 retail stores.”
The organization has also developed a buying software called eMyan, brief for Convey Myanmar, for regular customers. Because it went into operation in Myanmar in 2017, the software has produced 2.17 thousand purchases, with a total industry level of 580 million yuan (about 85 million U.S. bucks).
“Suitcases, hand bags, electronic items and little appliances for the home are especially well-liked by customers in Myanmar,” Wang stated. “Clients can pay via Alipay, WeChat and our personal spending system Shwe Pay. Following the repayment, they can receive the products in approximately 72 hours.”
Wang claimed that with the introduction of 5G and the global development of e-business, go across-border e-companies are becoming a very important industry link between China and Myanmar.
Enhancing facilities in Dehong also has laid a good base for cross-boundary e-commerce between the two countries, stated Wei Gang, head of Dehong.
“Mobile Internet has evolved quickly in Myanmar, bringing significant possibilities to the country,” Wei said. “The digital economic climate has developed into a new engine traveling swaps in business and industry, and communication in culture and data.”
The aviator FTZ in neighboring Guangxi also threw up possibilities and lured companies.
The number of recently-authorized businesses in Guangxi’s FTZ has exceeded 10,560 over the past year, the FTZ said in late August.
Amongst the recently-authorized businesses, 85 are foreign-funded with investment of over 140 thousand U.S. dollars.
Guangxi’s pilot FTZ concentrates on contemporary monetary solutions, smart logistics, the digital economy, growing production industries, dock logistics, worldwide industry, elements of new power automobiles and cross-border tourism.
The Guangxi FTZ is taking a number of measures to facilitate boundary crossing and minimize logistics costs.
Inside the regional capital Nanning, which forms portion of the pilot FTZ, a “hatching base” develops livestreaming expertise for any go across-boundary e-commerce business. Overseas students market clothing and digital items to clients in Southeast Asia in livestreaming rooms.
“We have now the benefit of multilingual talent in Nanning, and we ejvbuk this benefit to market 21st Century Maritime Silk Road within the Southeast Asian marketplace,” said Ding Guoxun, who works for the company.
Established numbers show the number of Nanning’s cross-boundary e-business export purchases from January to July crossed 15 thousand, with complete commodity worth exceeding 700 million yuan.