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E-business reshapes trade
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Han Ximin
EXPERTS say that e-business will greatly change traditional trade methods over the next two decades, while 75-80 per cent of transactions will be conducted electronically.
Anthony Wensley, director of the Joseph and Rotman School of Management at the University of Toronto, said in Shenzhen University last week: "E-business is certain to be the most important mode for it can reduce an enterprise's purchasing cost by nearly 15 per cent, enlarge customer base, reduce sales cost and enhance delivery efficiency."
He was invited to give a keynote speech at a seminar on E-business foundation and development, to which experts and representatives of enterprises from Guangdong Province and Taiwan were invited.
It is a new type of economic model, which needs revolutionary changes in methods of payment, logistics and management .
At present, e-business is at its initial stage in China. Three factors including network scale, payment and distribution systems continue to hinder its development.
Wensley said China should carefully select fields that are suitable for e-business, and then, step by step, popularize e-business in other related industrial realms. He suggested that economically developed coastal regions in China should spearhead the drive.
But, he added, enterprises in China, as in the world, need clear and definite e-business models, technology and fund support to develop.
The application of e-business sets requirements for uniform standards and safety. E-business safety, law applicability and standards are urgent issues around the world.
"Different countries can develop e-business their own way. It is a long way to go. The earlier you start e-business, the better you will use it. If you miss e-business, you will miss an era," Anthony added.
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