Eight Chinese government agencies have announced a series of measures to promote e-commerce and e-invoicing, including setting up a trial e-invoice system with online payment standards.  The Chinese government is moving towards e-invoicing as its research has shown that e-invoice adoption has grown by 40%, and that the e-invoice system could deliver up to 80% savings compared with traditional paper invoices. 

As well as being another clear sign of China opening its doors to international markets, it’s also a portent of the growing global e-invoice momentum.  It’s time for all businesses to look at, and accelerate, their e-invoicing plans. 

http://eeiplatform.com/8190/china-issues-guidelines-to-promote-e-commerce-and-e-invoicing/