Trade Spat to Boost Cross-Border E-Commerce Among China SMEs, DHgate.com CEO Says

The video discusses the ongoing trade war between China and the US, focusing on its impact on small and medium enterprises (SMEs) and the acceleration of e-commerce. It highlights how trade tensions can act as a catalyst for innovation and digital globalization, drawing parallels with past events like SARS. The discussion also covers government support for SMEs and the importance of leveraging digital platforms to access global markets.

How has the trade war influenced the approach of traders and manufacturers?

• It has led them to focus solely on local markets.

• It has slowed down their business processes.

• It has accelerated their interest in cross-border e-commerce.

• It has encouraged them to rely more on traditional trade.

What historical event is compared to the current trade tensions in terms of its impact on SMEs?

• The Great Recession

• The 2008 financial crisis

• The SARS outbreak

• The Dot-com bubble

What record did Chinese SMEs break recently in the e-commerce market?

• Most patents filed in a year

• Largest single-day sales worldwide

• Highest number of new businesses registered

• Highest number of employees hired

What is the expected impact of the next round of tariffs in the trade war?

• Decrease in consumer goods prices

• Increase in tariffs to 25%

• Reduction in government support

• Expansion of traditional trade

How are SMEs encouraged to adapt to the challenges posed by the trade war?

• By reducing their workforce

• By increasing reliance on middlemen

• By leveraging cross-border e-commerce platforms

• By focusing on local markets only