人民财讯9月25日电，以"在数贸会看见创新未来"为年度主题的第四届全球数字贸易博览会(以下简 称"数贸会")在9月25日在浙江杭州开幕。数贸会是我国唯一以数字贸易为主题的国家级、国际性的专业 型展会，于9月25日至29日在杭州大会展中心举办。本届数贸会展览总面积15.5万平方米，展商数量达 1812家，超过去年总量，其中国际展商381家，占21%。 截至9月23日，本届数贸会已经报名参会的国际客商1.1万人，比上届增长64%。主宾国印尼在新首都建 设和数字化转型方面已经有超50亿元的采购意向。预计本届数贸会的采购总金额将达到300亿元。 ...

Group 1 - The fourth Global Digital Trade Expo is themed "Seeing Innovative Futures" and will take place from September 25 to 29 in Hangzhou, Zhejiang [3][5] - The expo features over 1,700 participating companies, including more than 70 Fortune Global 500 companies, and will host over 30 key industry, investment, and competition events [5] - The event will showcase cutting-edge technologies and products, including generative AI and multimodal sensory interaction, with over 100 items making their debut in China, Asia, or globally [5] Group 2 - Hangzhou Shikong Jingling Technology Co., Ltd. has developed a VR immersive experience titled "The Disappearing Jurassic," which has generated hundreds of thousands in revenue since its launch [3][5] - Hangzhou Tai Xi Intelligent Technology Co., Ltd. has received market recognition for its products, which are popular domestically and have attracted orders from countries in Europe, America, and Japan [4][5] - The expo will also feature various innovative products, such as smart glasses with teleprompters and robotic dogs, highlighting the advancements in the digital trade sector [5]

Group 1: Monetary Policy and Economic Measures - The People's Bank of China will conduct a 600 billion MLF operation on September 25 to maintain ample liquidity in the banking system [4] - The Ministry of Commerce, in collaboration with several departments, has issued policies to promote service exports, including optimizing cross-border capital flow management [4] - The Ministry of Industry and Information Technology, along with other departments, has released a work plan for the construction materials industry aimed at stabilizing growth from 2025 to 2026 [5] Group 2: Company News - Huatian Technology, a leading semiconductor packaging and testing company, is planning a significant acquisition and will suspend trading starting September 25 [8] - Dalong Real Estate announced a preliminary intention to acquire a 60% stake in Beijing Chengzhu Real Estate Development Co., with the transaction still in the planning stage [8] - Jingzhida has delivered its first high-speed testing machine to a key domestic client, enhancing its competitive position in the semiconductor storage testing equipment market [9] - Xiangshi Innovation has proposed a restricted stock incentive plan, aiming to grant a total of 1.387 million shares [9] - Shanghai Zhiyuan Hengyue Technology Partnership plans to acquire 149 million shares of a company at a price of 7.78 yuan per share, totaling approximately 1.161 billion [10]

Core Points - The Fourth Global Digital Trade Expo will be held in Hangzhou from September 25 to 29, focusing on the theme "Digital Trade Connects the World" [1] - The expo will feature an exhibition area of 155,000 square meters, including a main pavilion for future technology and seven themed exhibition zones [1] - Over 1,700 exhibitors are expected to participate, showcasing advanced technologies and products such as boxing robots and AI glasses [1] Exhibition Details - The expo will include a main pavilion called the "Future Technology Arena" and seven special exhibition areas covering artificial intelligence, digital entertainment, and smart travel [1] - The event aims to highlight cutting-edge technologies and innovations in the digital trade sector [1] - Preparations for the expo are underway, with many exhibitors already setting up their booths [1]

今天（9月24日）下午，证券时报记者来到杭州大会展中心探馆，有些参展商的展台已经布置完毕，静 待中外客商参观。也有部分展台还在做最后的调试，争取以最好面貌呈现在公众面前。 据悉，本届数贸会围绕"数字贸易 商通全球"为主题，规模超前，15.5万平方米的展览面积，设置1个"未 来科技竞技场"主展馆和人工智能、数字文娱、数智出行等7个特色展区，1700多家展商参展。 杭州即将进入"数贸时间"！9月25日-29日，第四届全球数字贸易博览会将在杭州大会展中心盛大举行。 此次在杭州大会展中心探馆，记者看到了很多尖端技术和硬核产品，譬如，打拳击的机器人、会提词的 AI眼镜，可以中医把脉的AI手表，刷新全球四足机器人速度纪录的机器狗…… 9月25日-29日，第四届全球数字贸易博览会将正式召开。届时，本报将会围绕此次展会，带来更为详细 的相关报道。 ...

Core Insights - The global economic and trade landscape is undergoing profound restructuring, presenting both challenges and opportunities for businesses [1][2]. Group 1: New Economic Landscape - The new global economic structure is characterized by a coexistence of "six transformations," including the simultaneous presence of group and fragmentation, multi-polarity and bilateralism, as well as service-oriented and green economies [2]. - Regional trade agreements, such as the Regional Comprehensive Economic Partnership (RCEP), now cover over 30% of global GDP, with 90% of tariffs within the region eliminated, leading to a 9% increase in China's exports to ASEAN [2]. - The service trade is becoming a new engine for global economic growth, with a projected total of $8.6 trillion in global service trade by 2024, reflecting a 9% year-on-year growth, significantly outpacing global GDP growth [2]. Group 2: Opportunities for Chinese Enterprises - The rise of emerging markets opens new avenues for Chinese enterprises, with China signing cooperation memorandums with 52 African countries, participating in 31% of infrastructure projects valued over $50 million in Africa [3]. - The implementation of multiple free trade agreements is helping traditional industries in China, such as home appliances and textiles, regain market share through tariff reductions and streamlined customs processes [3]. - China's cross-border e-commerce import and export volume reached 2.63 trillion yuan, marking a 10.8% year-on-year increase, maintaining its position as the global leader for 15 consecutive years [3]. Group 3: Challenges for Chinese Enterprises - Chinese enterprises face increasing uncertainties and costs due to rising geopolitical tensions and trade protectionism, which complicate their operational landscape [3]. - The global supply chain is trending towards regionalization and shorter chains, intensifying international competition [3]. - To navigate this complex environment, Chinese enterprises must accelerate technological innovation and brand development, reshaping their global strategies to enhance competitiveness [3].

Core Viewpoint - The article discusses the recent notification issued by the Ministry of Commerce and nine other departments regarding measures to promote service exports, emphasizing the importance of developing service trade as a means to enhance high-level opening-up and cultivate new momentum for foreign trade [1][5]. Summary by Sections 1. Support for Service Exports - The notification outlines 13 specific measures to accelerate service trade development, including utilizing existing funding channels to support various new service export models and green services [6][1]. 2. Investment in Service Trade - It emphasizes enhancing the role of the Service Trade Innovation Development Guidance Fund to attract more social capital into service and digital trade sectors [8][2]. 3. Tax and Insurance Support - The notification proposes optimizing the zero tax rate application process for service exports and increasing support from export credit insurance companies to cover more areas, thereby improving risk management for service exporters [9][10]. 4. Regulatory Improvements - It includes measures to improve the bonded supervision system for research and testing businesses, facilitating easier import processes for necessary goods [12][2]. 5. Cross-Border Personnel and Capital Flow - The notification aims to facilitate cross-border personnel movement and optimize cross-border capital flow management, supporting multinational companies in integrating their funding operations [13][14]. 6. Knowledge and Data Management - It highlights the importance of promoting knowledge property rights transformation and establishing international data service businesses, including the creation of data centers in free trade zones [16][18]. 7. Market Expansion Support - The article mentions the role of service trade intermediary organizations in assisting companies to explore international markets, including legal support and participation in international exhibitions [19][1].

记者 辛圆 据商务部网站周三发布消息，商务部会同中央网信办、财政部等九个部门印发《关于促进服务出口的若干政策措施》（以下简称《措施》），提出一系列具 体举措。 《措施》首先提到，用好用足中央和地方现有资金渠道积极支持服务出。加强政策解读，指导地方充分利用中央和地方现有资金渠道，进一步支持数字服 务、高端设计、研发、供应链、检验检测、认可认证、知识产权、地理信息、语言服务等服务出口新业态新模式，以及节能服务、资源循环利用服务、环境 治理服务、环境咨询服务、碳足迹核算管理服务、碳管理综合服务等绿色服务，培育服务出口重点企业和重点项目。 《措施》还提出，增强服务贸易创新发展引导基金撬动作用。支持服务贸易创新发展引导基金加大对服务贸易的投资，加强与地方基金联动，带动更多社会 资本投资服务贸易和数字贸易领域。修订《服务出口重点领域指导目录》《服务外包产业重点发展领域指导目录》，对基金重点投向加强业务指导。 《措施》同时提到，优化服务出口零税率申报程序。加强部门协同和信息共享，鼓励更多有条件的地区依托相关电子信息平台，在申报服务出口退税时推广 以电子信息替代需企业申报的纸质或电子凭证，提高服务出口退税申报效率。 商务部数 ...

Group 1 - The 2025 Global Digital Trade Expo will be held in Hangzhou from September 25 to 29, co-hosted by the Zhejiang Provincial Government and the Ministry of Commerce [1] - Daily Interactive, a data intelligence listed company, will participate in over 10 forum activities and has been invited to exhibit at the expo [1] - Data is referred to as the "new oil" of digital trade, serving as a production factor to extract value and drive the development of the trade ecosystem [1] Group 2 - The GAI Station is a one-stop AI application solution for enterprises and government departments, designed to utilize private data effectively [1] - The "Data Release Station," built on a "trusted data space + controllable large model," facilitates the efficient circulation of data value across various sectors such as healthcare, transportation, and marketing [1] - Daily Interactive will host various interactive activities during the expo, including live demonstrations of GAI Station's capabilities and online sharing sessions [1]

Economic Overview - The US economy shows signs of fatigue in the first half of 2025, with a Q1 growth rate of only 1.6%, falling short of the expected 2.5% [2] - Inflation remains a concern, with the core personal consumption expenditure price index at 2.8%, above the Federal Reserve's 2% target [2] - The unemployment rate has risen to 4.2%, and non-farm payroll data has frequently missed market expectations [2] US Treasury Bonds and China's Holdings - China's holdings of US Treasury bonds have decreased to approximately $756.3 billion as of May, reflecting a reduction of $9 billion over three months [4] - This reduction represents a 42.7% decline from the peak of $1.32 trillion in 2011, with current holdings accounting for only 2.6% of the US Treasury market [4] Dollar Stability and Concerns - The total US national debt has surpassed $36 trillion, with foreign holders accounting for about 30%, while domestic institutions like the Federal Reserve hold over 70% [6] - Discussions about a potential dollar collapse have increased, with the dollar index dropping from 105 to around 98, and some analysts predicting further declines [6][8] Strategic Shifts in China's Foreign Exchange Strategy - China has diversified its foreign exchange strategy, increasing its holdings in euros, yen, and gold, with gold reserves reaching approximately 2,500 tons by 2025 [10] - The "Belt and Road" initiative has seen a 15% increase in trade, enhancing China's export competitiveness [10] US Military and Economic Challenges - The US military shows signs of fatigue, with a defense budget of $900 billion but declining efficiency and a reduction in naval vessels [12] - The US economy is facing challenges such as increased tariffs and rising import costs, which are contributing to inflation [8] Future Economic Projections - The Federal Reserve's economic forecast indicates a slowdown in GDP growth to 1.4% in 2025, with an expected rise in unemployment to 4.5% and inflation remaining at 3% [15] - China is strategically reducing its US Treasury holdings to mitigate potential losses in the event of a dollar collapse [15] Global Trade Dynamics - China's automotive industry is experiencing significant growth in the electric vehicle sector, producing 15 million units, which accounts for 60% of global production [17] - China's trade with Asia and Africa has increased by 25%, generating a surplus exceeding $770 billion [17] Currency and Reserve Changes - The share of the dollar in international settlements has decreased from 60% in 2020 to 58%, while the use of the renminbi in cross-border settlements has risen to 5% [13] - China's foreign exchange reserves have remained above $3.2 trillion for 20 consecutive months, with a slight increase to $3.31 trillion by June [19] Strategic Opportunities Amidst Dollar Concerns - In the event of a dollar collapse, China could leverage the situation to enhance its market position, particularly in steel exports [21] - The transition from traditional trade to digital trade is evident, with e-commerce reaching 500 million users globally [21]