China is positioning itself at the forefront of digital trade, but what does this mean for global commerce and how will other nations respond?

AI Trends & NewsAI Related Technology
Written By Karl Melles

Article published on: 30th November 2024

Credit: China Daily

In Summary:

China’s new digital trade reform strategy aims to significantly expand its role in global commerce. By 2029, the country expects digitally delivered services to account for over 45% of total services trade, with a further push to reach 50% by 2035.

This initiative will not only reshape China’s trade structure but also strengthen its position in the global digital economy.

The strategy includes easing market access, encouraging foreign investment, and enhancing digital governance to create a more favorable business environment. With a focus on cross-border data flows and international cooperation, China is working to influence global digital trade rules. The reform is expected to drive technological innovation, upgrade industries, and further integrate China into the global digital landscape. But as China pushes forward, questions emerge: How will the world adapt to China’s leadership in digital trade, and what impact will this have on the balance of global economic power?

For the full article, visit the original post on: ChinaDaily.com: Digital trade development key to growth

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Karl Melles
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