Xinhua News Agency, Beijing, September 5th, by wire Topic: Digital China Serves the World-Service Trade Council injects impetus into the transformation of the world economy
Xinhua News Agency reporter Fan Yusui Li Xi
Use digital renminbi to buy a can of Coke, wear VR glasses to play a virtual table tennis game, and click on the electronic screen to enjoy the cultural relics of the Forbidden City. It keeps flashing, refreshing. The current service trade fair focuses on digital trade, grasps the pulse of the global digital economy, and brings vitality and opportunities to the recovery of the world economy under the impact of the new crown epidemic.
On August 31, media reporters visited the exhibition hall of the National Convention Center. (Photo by Xinhua News Agency reporter Lu Peng)Accelerating the evolution of the digital economy
From the cross-border transportation service of shipping containers to the intellectual property service behind a chip, service trade is everywhere. With the popularization and application of digital technology, the digital features of service trade have become more and more obvious. Digital trade with data as the production factor, digital service as the core, and digital delivery as the characteristic is booming. It is becoming an important part of the digital economy and an important trend in the development of global trade.
The new crown epidemic has objectively accelerated the digitalization process of service trade and brought new opportunities. Digitalization has improved the accessibility of services, and services such as telemedicine, online education, collaborative office, and cross-border e-commerce have been widely used, which has played an important role in promoting economic stability and fighting the epidemic in various countries.
On September 5th, the audience walked past the digital RMB sign in the Shougang Park of the Service Trade Fair. (Photo by Xinhua News Agency reporter Wu Wei)
Liang Guoyong, a senior economist at the United Nations Conference on Trade and Development, believes that if trade in goods is the main driving force for the growth of global trade in the early stage, trade in services empowered by technology is expected to lead the new wave of globalization.
The World Trade Organization pointed out that the service industry has become the backbone of the global economy and the most dynamic part of international trade. It is estimated that by 2040, the proportion of service trade in global trade will rise to one-third.
Digital China is booming
Digital trade is one of the important indicators to measure the level of economic modernization of a country, and it is also an important manifestation of international competitiveness.
According to the calculations of the United Nations Conference on Trade and Development, the scale of service trade that can be digitally delivered in China in 2020 will reach 294.76 billion U.S. dollars. During the new crown epidemic, it will increase by 8.4% against the trend, accounting for 44.5% of the total service trade, which is an increase of 13.9 from the beginning of the “13th Five-Year Plan” period. Percentage points.
On September 5, at the booth of Beijing Xuanwu Hospital at the Special Exhibition of Health and Sanitation Services in the Shougang Park of the Service and Trade Fair, the staff were introducing neurosurgery robots. (Photo by Xinhua News Agency reporter Zhang Yuwei)
With the accelerating integration of digital technology and service trade, digital trade is becoming a new growth point in the field of service trade. According to data from the Ministry of Commerce, during the 13th Five-Year Plan period, my country’s digital trade increased by 47.4%, and its share in service trade increased from 30.6% to 44.5%.
The level of opening up of China’s service trade is also improving in an orderly manner. China has maintained its status as the world‘s second largest country in service trade for seven consecutive years, and has trade in services with nearly 240 countries and regions in the world; it has reduced the negative list of foreign investment access for four consecutive years, building on the original commitment to open 100 service sectors after joining the WTO , Promised to add 22 service departments.
Liang Guoyong believes that China’s economy has taken the lead in the world in terms of digital development, and a large number of world-class enterprises and entrepreneurs have been born. The digital economy has become one of the most dynamic components of China’s economy, and cross-border e-commerce has also become a new growth point for international trade.
On September 4th, the audience visited the China Service Trade Development Achievement Exhibition at the National Convention Center. (Photo by Xinhua News Agency reporter Lu Peng)
Global sharing of digital dividends
Under the epidemic, international trade has suffered a significant impact. According to data from the United Nations Conference on Trade and Development, the total global trade in 2020 will drop by about 9%, of which the value of trade in services will drop by about 16.5%, which is much larger than the trade in goods.
In this context, the current service trade conference firmly grasps the new trend of service trade development, builds bridges for supply-demand docking, corporate cooperation, and adds new impetus to the rebound of service trade and the recovery of the world economy.
Lu Yaoqun, director of the Institute of Governance and Sustainable Development, National University of Singapore Business School, believes that digitalization is the only way to transform the global economy. The service trade will pay special attention to digital trade, especially the attention to digital services in the high-tech field, very timely and critical.
This is the scene of the China Service Trade Development Achievement Exhibition taken at the National Convention Center on September 4. (Photo by Xinhua News Agency reporter Chen Zhonghao)
Stephen Perry, Chairman of the 48 Group Club in the United Kingdom, pointed out that this year’s Service Trade Fair will focus on innovation in the field of digital economy, which provides an excellent opportunity for the world to capture the opportunities in China’s development process.
The participating institutions and enterprises are aiming at the broad prospects and important opportunities of the Chinese market. Tim Crowe, CEO of Irish software service provider WrxFlo, said that the products developed by the company have a broad market in China. Participating in this service trade fair will be very important to increase the company’s reputation and find new partners. The Service Trade Fair is a very good platform.
Hanat Besek, president of the Kazakhstan-China Trade Promotion Association, pointed out that China’s digital economy and e-commerce development experience has important reference significance, and the mutually beneficial cooperation between Kazakhstan and China in the field of digital economy has broad prospects.
On September 4, children watched a promotional video at the China Service Trade Development Achievement Exhibition at the National Convention Center. (Photo by Xinhua News Agency reporter Chen Zhonghao)
The spread of the epidemic has deepened multiple rifts in the global economy, and the “digital divide” is one of them. At the forums held during the Service Trade Fair, participants also conducted in-depth discussions on digital economic governance issues such as how to strengthen digital security, improve the rules of the digital economy, and fill the “digital divide”, so as to find solutions to alleviate economic differentiation and trade imbalances. road. (Participating reporters: Chen Binjie, Jiang Xuelan, Wang Lili, Zhang Jiye, Zhang Qi, Sun Xiaoling)