Liao Xiaoqi, former vice-minister of commerce, speaks at the 2019 Boao Forum for Asia Annual Conference on March 26. [Photo/VCG]
"Cross-border e-commerce greatly lowers the bar to enter global trade as the scale of doing business online doesn't need to be huge. Thereby, it is involving more participants, especially SMEs, in commerce worldwide," said Liao Xiaoqi, former vice-minister of commerce.
"Though globalization is facing some headwinds, cross-border e-commerce is expected to bolster and promote its development," said Liao, adding that with globalization, it is people across the world that will benefit in the end.
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