A humanoid robot on display at the ongoing third Global Digital Trade Expo in Hangzhou, Zhejiang province. (DONG XUMING/FOR CHINA DAILY) Nation's cross-border e-commerce reached 2.37 trillion yuan last year While China's digital trade sector made significant progress in 2023, it is fast becoming a new engine in the country's drive to strengthen its position as a strong trading nation and injecting new momentum into global economic growth, officials and experts said.
China's import and export of digitally-delivered services trade rose 8.5 percent year-on-year to 2.72 trillion yuan ($387.
5 billion) in 2023, a record high, the Ministry of Commerce said on Thursday. The import and export scale of the country's cross-border e-commerce reached 2.37 trillion yuan last year, up 15.
3 percent year-on-year, according to a report on China's development of digital trade released by the ministry during the ongoing third Global Digital Trade Expo in Hangzhou, Zhejiang province. Zhu Guangyao, an official with the ministry, said digital technologies such as big data, cloud computing, artificial intelligence and blockchain are increasingly integrating with various fields of social and economic development, and the booming digital trade sector has shown strong resilience and profoundly impacted the models, structure and rules of global trade. China boasts abundant data resources, a huge domestic market and rich application scenarios for digital technologies, all of which have laid a solid found.
