The steady growth of China's digital economy lays a solid foundation for digital trade

Release time : 2024-10-08

It was recently learned from the press conference held by the State Information Office that in 2023, the added value of China's digital economy core industries will account for 10% of GDP; China's cloud computing market reached 616.5 billion yuan, an increase of 35.5%; Total data production reached 32.85 zettabytes, an increase of 22.4%. The steady growth of the digital economy has laid a solid foundation for the reform and innovative development of digital trade.

Tang Wenhong, Assistant Minister of Commerce, introduced that digital trade, with data as the key element, digital services as the core, and digital ordering and digital delivery as the main characteristics, has become a new trend of international trade development and a new growth point of economic development. Since 2023, China's digital trade has developed rapidly. In the first half of 2024, China's import and export volume of digitally delivered services reached 1.42 trillion yuan, an increase of 3.7%, reaching a record high; The import and export of cross-border e-commerce reached 1.22 trillion yuan, an increase of 10.5%, also reaching a record high, and its supporting role in high-quality trade development has been strengthened.

At the same time, China's competitive strength in digital trade has increased significantly. The "cloud economy" ecosystem is gradually taking shape, giving rise to new forms and models of service outsourcing such as superior packages, cloud outsourcing, and platform subcontracting. In 2023, China's offshore service outsourcing execution amount reached 151.36 billion US dollars, the overseas sales revenue of self-developed games reached 16.67 billion US dollars, and a number of head games were widely recognized overseas and ranked the top of the download list for a long time. Online literature market size exceeded 4 billion yuan.

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