In a significant policy shift aimed at alleviating financial pressure on sellers, Chinese authorities have requested e-commerce platform operators to cease the practice of requiring sellers to issue refunds without the return of goods. This decision is expected to be implemented by July and highlights the government’s effort to support merchants during challenging economic conditions. Key players involved in this policy revision include PDD Holdings $PDD and JD.com $9618.HK.

Recent months have seen Chinese exporters face a dramatic spike in tariffs when shipping goods to the United States. With rates hitting an astonishing 145%, companies producing everything from lunch boxes to small kitchen appliances are rapidly reassessing their export-driven models. Many are shifting focus to domestic sales and exploring innovative ways to reach Chinese customers.