China to extend transition phase for cross-border retail
China will delay enforcing tougher rules on the country’s fast-growing cross-border retail market until the end of 2018, a boost for global firms that have been tapping the round-about route into the world’s number two economy. Cross border-retail sales - goods either shipped directly to shoppers in China from overseas or from bonded warehouses in free-trade zones within China - are expected to hit 758 billion yuan ($115.4 billion) by 2018, according to data from McKinsey & C
