Promote the development of digital trade and cultivate new momentum of foreign trade



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Digital trade refers to cross-border transactions using digital means, including transactions of digital products and services, as well as transactions of traditional goods and services facilitated by digital technology. This type of transaction breaks the geographical and time constraints of traditional trade, making transactions more efficient, less costly, and the flow of goods and services more rapid and widespread. Digital trade offers companies, especially SMEs, a low-cost way to access international markets and capture new opportunities in the global market. The development of digital trade plays a role in the optimization and upgrading of domestic industrial structure, and also helps to enhance the innovation ability and market competitiveness of a country's economy.

China's remarkable progress in the development and application of digital technology has provided a solid foundation for the development of digital trade. With the popularity of the Internet and the rise of e-commerce, China has become one of the world's digital markets, not only the domestic market is booming, digital trade has also achieved rapid growth. According to data from the China Academy of Information and Communications Technology, from 2019 to 2022, China's cross-border e-commerce trade volume and digital service trade volume increased from 3.17 trillion yuan to 4.68 trillion yuan, an average annual growth rate of 13.9. In the first half of 2023, China's digitally deliverable service trade volume was 1.36 trillion billion yuan, up 12.3 percent year-on-year.

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