Core Viewpoint - The National Development and Reform Commission (NDRC) highlights significant achievements in international cooperation on the digital economy during the 14th Five-Year Plan period, characterized by three "new" aspects: new consensus for win-win cooperation, new ties for deepened collaboration, and new spaces for practical cooperation [1] Group 1 - The NDRC emphasizes the emergence of a large number of globally competitive innovative data companies in the first half of the year [1] - The National Data Bureau has selected typical cases for digital economy cooperation aimed at countries in the Shanghai Cooperation Organization [1] - Future efforts will focus on enhancing coordination and promoting practical cooperation with global partners to create a promising future for digital economy development [1]

Core Viewpoint - The establishment of the International Digital Economy Alliance (IDEA) aims to enhance digital economic cooperation between China and ASEAN, the Asia-Pacific region, and countries along the Belt and Road Initiative, creating a new model for international collaboration in the digital economy [1][2]. Group 1: Event Overview - The "Digital Silk Road: Intelligent Connection for the Future" forum was held on April 23 in Singapore, focusing on international cooperation in the digital economy [1]. - The forum was organized by the Beijing Software and Information Service Industry Association's International Cooperation Committee, along with several technology companies, and received strong support from local organizations in Singapore [1]. Group 2: Alliance Formation - The International Digital Economy Alliance (IDEA) was jointly initiated by multiple companies, including Beijing Software and Information Service Industry Association, Bo Yan Technology, and others, to serve as a bridge for regional cooperation [1]. - IDEA aims to provide cross-border cooperation opportunities for enterprises and establish a technology transfer platform for research institutions [1]. Group 3: Regional Cooperation - The Singapore Liaison Office of the Beijing Software and Information Service Industry Association's International Cooperation Committee was inaugurated to facilitate efficient flow of technology, capital, and talent between Beijing and Southeast Asia [2]. - The trade relationship between China and Singapore has flourished over the past 35 years, with China maintaining its position as Singapore's top trading partner for 11 consecutive years, expanding from basic commodities to finance, technology, and digital economy sectors [2]. Group 4: Future Initiatives - The association supports the "Digital Service International Cooperation Leading Action" to cultivate benchmark enterprises in the digital economy and create an international development platform [2]. - The association plans to leverage global digital economy conferences and trade fairs to promote exchanges between member companies and foreign enterprises, exploring new paradigms for international cooperation in the digital economy [2].

Group 1 - The core viewpoint is that the uncertainty in the global industrial chain due to U.S. tariff policies has intensified, particularly affecting high-tech industries like the new generation information technology sector, but the impact on the computer sector is relatively manageable, leading to a maintained "overweight" rating for this sector [1] - The computer sector's overseas revenue accounts for approximately 12%, with steady growth in overall revenue from CNY 0.89 trillion in 2019 to CNY 1.21 trillion in 2023, and overseas revenue increasing from CNY 113.1 billion to CNY 145.9 billion during the same period [2] - The proportion of overseas revenue in the computer sector has shown a fluctuating upward trend, with percentages of 11.20%, 11.96%, 10.80%, 11.49%, and 12.05% from 2019 to 2023 [2] Group 2 - In 2023, there are 36 computer companies with overseas revenue exceeding CNY 500 million, and 41 companies with overseas revenue accounting for more than 30% of their total revenue [2] - The top five companies by overseas revenue are Hikvision, Nasda, Dahua Technology, Digital China, and Inspur, with overseas revenues of CNY 29 billion, CNY 16.8 billion, CNY 15.3 billion, CNY 13 billion, and CNY 9.5 billion, respectively [2] - The "Belt and Road" initiative and other overseas destinations present significant market opportunities for Chinese digital enterprises, with global ICT product trade accelerating and showing a trend of increased trade among major countries and neighboring regions [3]