Business
PayPal Forecasts Growth in Chinese Cross-Border E-Commerce Amid Geopolitical Tensions: Creative Solutions Key to Success
PayPal anticipates an increase in international online business from China, even amidst geopolitical instability. According to PayPal's leadership, Chinese traders who are innovative in fulfilling consumer needs will persist in experiencing a rise in global sales.
"Chinese traders are showing substantial curiosity in expanding their businesses to Europe and the US, and we believe this trend will continue," stated Michelle Gill, who leads PayPal's Small Business and Financial Services Group, during an interview in Shenzhen on September 25. She added, "There's a significant demand within the US and also a strong inclination for growth from China."
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The potential of the US to abolish trade regulations may negatively impact China, Temu, and the US itself.
Gill stated that it's still premature to assess the effect of the change. However, she noted that innovative companies that cater to consumers' needs will find room for expansion. She suggested that either the demand will drive up prices to a level where it becomes irrelevant, or businesses will start combining their offerings to ease access.
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