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development in China, and the EU welcomes China’s willingness to share its development opportunities.
Chinese enterprises are welcome to invest in European countries, said the European leaders, adding that they will not adopt restrictive measures against specific com
panies, and are willing to provide a fair, open and transparent business environment for all foreign enterprises.
During the visit, Peng Liyuan, Xi’s wife, also attended a number of events aimed at deepeni
ng cultural and educational exchanges between China and the European nations.
As a special envoy of the United Nations Educational, Scientific and Cultural Organization (UNESCO) for the advanceme
nt of girls’ and women’s education, Peng was invited to visit the headquarters of the UNESCO in Paris.
Wang said Peng’s visit highlighted China’s image of a hardworking, responsible maj
or country that actively participates in international education, gender equality and other affairs.
-border online shopping in China grew by 20.6 percent year-on-year to 7.6 trillion yuan ($1.1 trillion) in sales in 2017.
The nation is encouraging cross-border e-commerce transactions by easing the annual cap
on cross-border online purchases and adding categories of imports to the duty-free list, according to the Ministry of Finance.
Starting from this year, the annual duty-free quota for cross-borde
r e-commerce purchases for individual buyers will be lifted to 26,000 yuan from the current 20,000 yuan.
“The livestreaming form, as a new operation model for online marketplaces, could settle
the problem of information asymmetry,” said Chen Tao, an analyst with internet consultancy Analysys in Beijing.
Both Alibaba Group Holding Ltd’s Taobao and its rival J
D, two of China’s biggest online shopping sites, have launched their own livestreaming platforms.
Shop owners hire livestreamers with large fan bases to help promote their products, and meanwhile, a link to the purchasing page hovers on the streaming screen.
Monica Zhang, who lives in France with her husband, opened an online store on Taobao. She became a livestreamer last year.