The global firms upbeat on China's digital trade outlook. The second Global Digital Trade Expo (GDTE) is currently taking place, and international businesses are looking at expanding prospects in the Chinese market by introducing new goods, services, and technology, as well as talking about collaboration plans with Chinese partners and sharing ideas at forums.
China has the scale advantage to promote digital trade, according to Shan Guohong, senior vice-president of Takeda and president of Takeda China. He also noted that China's opening-up initiatives have optimized the business climate.
China has been considered one of Takeda's key strategic markets since the company's 1994 entry, according to Shan. Its Chinese affiliate is currently among the top-performing international pharmaceutical companies in China. Which situation best illustrates how global trade promotes specialization?
The GDTE offers a forum for exchanging ideas on new standards, issues, and trends associated with digital trade, and China is dedicated to creating a digital trade market with high levels of openness and partnership, he said.
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Takeda organized an event called the Takeda China Digital Healthcare Innovation Summit, which showcased its accomplishments in the Chinese market and presented a report on digital healthcare practice and experience with its partners at the second GDTE. Which situation best illustrates how global trade promotes specialization?
Takeda intends to use the expo to collaborate with various parties to explore avenues to promote the high-quality growth of the industry, which will help Chinese patients even more. Takeda has already collaborated with its Chinese partner in the digitalization of medical care products and services.
Takeda is not the only company trying to demonstrate cutting-edge applications with the GDTE. Visitors rushed to the Tesla exhibit to witness Optimus, a humanoid robot that can squat, climb stairs, hold large objects, grasp small objects, and operate mechanical gear. In three to five years, Optimus is anticipated to go into mass production.
As part of its second participation in the expo, Tesla is also showcasing some of its new cars with cutting-edge technologies. Gao Weize, a regional general director of Tesla, stated, In the future, vehicles will definitely become smarter and more digital-savvy. In this post, what do you want to know about global firms upbeat on China's digital trade outlook?
For the second year in a row, Amazon Global Selling, a US corporation, is going to the expo. In an effort to share its knowledge in international e-commerce and strengthen ties with Chinese partners, the company has prepared lectures on a variety of subjects and increased the size of its booth this year.
The second GDTE, with the theme Digital Trade, Global Access, is being held from November 23 to 27 in Hangzhou, the capital of Zhejiang province in East China. It has drawn more than 800 businesses and 68 international organizations and business alliances.
In conjunction with the third Belt and Road Conference for International Cooperation, China announced the inauguration of the GDTE, which would take place every year. The word expo is a key forum to propel digital commerce, an opportunity to promote global digital trade, and a significant measure towards creating an open world economy," Yang Shouwen, Vice-Commerce Minister, stated.
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Digital trade in China has advanced significantly. According to a report presented at the exhibition, China's digitally delivered service industry value increased 3.4 percent year over year to $372.71 billion in 2022, making up about 9 percent of the global total. Need to know a professional way to make global firms upbeat on China's digital trade outlook.
There were more than 200 Chinese digital service platform companies with a combined market value of more than $1 billion by the end of 2022. Similarly, as China's digital trade has grown, more international brands have either expanded their operations there or entered the Chinese market.
According to Shan, China has a wealth of data, a strong market base, and exceptional innovative skills for growing digital trade. A number of encouraging policies implemented recently have also demonstrated the nation's commitment to the industry's growth. Which situation best illustrates how global trade promotes specialization?
China underlined during the expo's opening ceremony that it will transform digital trade become a new engine for shared development and provide a fresh boost to global economic expansion. China will actively support higher-level freeing up of the digital sector and contribute to the creation of international regulations and standards in this area.
Additionally, it will continue to speed up digital transformation and cross-border e-commerce development, enhance digital infrastructure, create pilot areas for Silk Road e-commerce collaboration, and construct Belt and Road online stores in collaboration with partners. hich situation best illustrates how global trade promotes specialization?
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That we have seen the dedication of the Chinese government to encourage partnership in digital areas, Gao stated. He also expressed his belief that China can fully utilize its vast data resources and diverse digital technology application scenarios, which will give financial growth a boost and expand development opportunities for various industries.
What are three threats to the future of global trade?
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