Core Insights - The 20th National Congress of the Communist Party of China emphasizes the importance of enhancing the service trade system and innovation to achieve high-quality development in service trade [1] Group 1: Global Service Trade Trends - Global service trade has significant potential and is expected to grow faster than goods trade, with its position in global trade continuing to strengthen [1] - The demand for data trade is accelerating due to advancements in artificial intelligence and digital technologies, with information service trade growing at an average rate exceeding 9%, significantly higher than the 5% growth in overall service exports [1] - The rise of green service demand is driven by the green technology revolution and the need to respond to EU carbon tariffs, leading to increased demand for green technology services and environmental consulting [2] - The deep adjustment of global industrial and supply chains is promoting the rapid development of productive service trade, as companies localize production and provide services across borders [2] - The trend of nearshoring in international division of labor is accelerating the regionalization of service trade, with a noticeable shift towards regional and short-distance travel services post-COVID-19 [2] Group 2: Service Trade Development Ecosystem - The development of service trade relies on resource factors, industrial competitiveness, enterprise participation, international market demand, and supportive national policies [3] - There is a need to innovate new business models and accelerate the cultivation of new growth points in service trade, with platforms like the service trade fair playing a crucial role [3] - Gathering resource factors such as technology, talent, and capital is essential for service trade development, particularly with the application of AI technologies creating new service demands [3] - Enhancing the competitiveness of the service industry is vital, leveraging China's strengths in manufacturing and goods trade to boost logistics, software, and information services [4] Group 3: Market Expansion and Collaboration - The focus should be on nurturing both large enterprises and innovative SMEs in the service trade sector, especially in digital services [4] - Expanding international market cooperation is crucial, with efforts to strengthen service trade ties with both developed and developing countries [4][5] - The implementation of service trade cooperation frameworks, such as the BRICS service trade cooperation roadmap, is essential for enhancing international collaboration [5]

Core Insights - Data is a key production factor in the digital economy and is becoming an important engine for high-quality economic and social development [1] - Data trade is rapidly developing as a significant new driver of global trade, with innovative business models emerging [2][4] - Strengthening policies and mechanisms to leverage data resources is essential for creating new advantages in data trade [1][5] Industry Overview - Data trade, as a cross-section of digital and service trade, focuses on transactions involving data products and services, which is crucial for releasing economic growth potential [2] - The global information service export related to data trade increased from approximately $40.9 billion in 2018 to about $63.8 billion in 2023, indicating significant growth potential in the data trade market [2] - The number of companies in the data sector exceeds 190,000, with the industry scale surpassing 2 trillion yuan, expected to reach 7.5 trillion yuan by 2030 [5] Development Opportunities - Developing data trade can effectively gather global data resources and enhance domestic and cross-border data governance capabilities, promoting high-quality development of the data industry [3] - The integration of data trade with artificial intelligence technologies is crucial for driving breakthroughs and industrial transformation [3] Global Competitive Landscape - Different countries have varying positions in the global data trade value chain, with the U.S. leading in data service exports, while Europe has established a robust regulatory framework [4] - Early planning and systematic layout of data trade development can help China move towards the high end of the global value chain [4] Challenges and Bottlenecks - There are challenges in data ownership rights, pricing mechanisms, and the need for mature trading models, which hinder the development of data trade [6][7] - Compliance costs for data export remain high, and there is a lack of global unified data standards, leading to increased processing costs and risks [7] Strategic Recommendations - Strengthening top-level design and international cooperation in data trade is essential for high-quality development [8] - Establishing high-standard data trade rules and a cross-border security protection system is necessary to ensure data safety while promoting trade [8] - Encouraging the development of international data service cooperation zones and fostering competitive data service providers will enhance global competitiveness [9][10]