China to promote cross-border e-commerce as incomes rise

China will increase support for cross-border e-commerce as the world's second-largest economy shifts from manufacturing to higher-value services, the government said. China's e-commerce industry has been booming in recent years, with companies like Alibaba Group Holding Ltd (BABA.N) and JD.com Inc (JD.O) benefiting from a rising middle class with more disposable income. The government released policy guidelines on Saturday that include tax policies aimed at boosting domestic consumption and pilot projects to ease overseas payments, according to a statement posted on the central government's website www.gov.cn.

China to promote cross-border e-commerce as incomes rise source: http://finance.yahoo.com/news/china-promote-cross-border-e-033901679.html