What Is Electronic Business

Business.

Electronic business is playing a leading role in international trade - abstract: a couple of years ago, if you want to buy something, you will go, without thinking to the famous shopping center or some special dealing stores. This new method of shopping now is called" digital shopping" which is based on the" Electronic Business" . However, you will probably, nowadays choose to shop on the Internet through some website.

What is Electronic Business? - the electronic business is based on the internet and takes the banking electronic payment as the way of settlement. Since 1990s, along with the unprecedented progress of the network and information technology, a brand - new and advanced commercial form - Electronic Business, quickly developed and is becoming more and more popular all over the world. In the Electronic Business, the trading parties including the buyer and seller, which constitute a complete transaction, are fully taken into consideration. So, it can quickly bring the two sides of the transaction together and let them find the suppliers and sell the products respectively within the global market. Their data and information are stored in the net base and communicated within the world market through the Internet. Compared with the traditional commercial form, Electronic Business makes the International Trade time - saving and cost - saving.

Being recognized as an effective way of operating International Trade, Electronic Business is well accepted by most of the countries in the world, including China. - china is trying to make full use of the electronic business. In China, more and more websites are established to operate International Trade, such as www. madeinchina. com. Some Chinese products, especially the traditional crafts are indeed competitive in the world market for the good quality and reasonable price. As a developing country, whose economy strongly relies on the export, China is trying to make full use of the new type of trade to accelerate the export. But the problem is how to let the foreigners know about these products.

Both the Chinese suppliers and foreign buyers are the beneficiaries of this, because this makes it available that the Chinese suppliers and foreign buyers can contact and negotiate their business directly through the Internet. - now, with the help of electronic business, a large quantity of excellent chinese products is introduced to the world market through specific websites. It is really a win - win game. Electronic Business provides us with a new type of International Trade which is time - saving and cost - saving, and we do believe that with the further development of Electronic Business, a brand - new world market based on the Internet will lead the world economy into a new era. In this modern society which based on information, the more and faster you get the information, the more opportunity you will have. Life will be changed by the Electronic Business! Article Source: http: //www. madeinchina. com