Core Insights - Artificial intelligence is reshaping the entire digital trade value chain and significantly impacting the global digital services trade landscape [1][15] - The global digital services trade is projected to reach $4.64 trillion in 2024, reflecting an 8.3% growth [2] - Digital services trade now accounts for 53.4% of global services trade, although it has slightly decreased from 53.8% in 2023 due to a strong recovery in tourism services [2][3] Digital Services Trade Growth - The global digital services trade has shown resilience and potential for long-term growth, with a 64.7% increase from 2019 to 2024, outpacing goods trade growth of 28.5% [1][2] - The share of digital services in global services trade has increased by 8.8 percentage points since 2019 [1] Country Rankings and Export Dynamics - The top ten countries in digital services trade remained unchanged in 2024, with the United States leading, followed by Ireland, the United Kingdom, and others [6] - The U.S. accounts for 15.3% of global digital services exports, while ASEAN countries collectively represent only 6% [7] E-commerce and Sector Performance - Global B2C cross-border e-commerce is expected to reach $1.167 trillion in 2024, growing by 22.2% [8] - ICT services, financial services, and intellectual property fees are the high-growth segments within digital services, collectively accounting for 52.8% of the sector [8] China's Digital Services Trade - China's digital services trade is projected to reach $385.76 billion in 2024, growing by 5.2% [9][13] - Digital services account for 36.7% of China's service trade, indicating significant room for growth compared to the global average of 53.4% [9][13] Sector Contributions and Trends - In China, ICT services dominate the digital services trade, contributing 59.7% to growth, with computer services showing strong international competitiveness [13] - The personal entertainment sector in China has seen remarkable growth, with exports increasing by 37.5% [14] Impact of Artificial Intelligence - The report highlights the transformative role of artificial intelligence in enhancing global trade across various dimensions [15]

Core Insights - The global digital services trade is experiencing significant growth, with a projected scale of $4.64 trillion in 2024, marking an 8.3% increase from the previous year [2] - Digital services now account for 53.4% of global service trade, although this is a slight decrease from 53.8% in 2023 due to a strong recovery in tourism services [2][7] - The United States leads in digital services exports, holding a 15.3% share of the global market, followed by the UK and Ireland [7] Digital Services Trade Growth - The digital services trade has expanded by 64.7% from 2019 to 2024, significantly outpacing the growth of goods trade (28.5%) and overall service trade (37.5%) during the same period [1] - The resilience and potential of digital services trade are highlighted, as it continues to grow despite fluctuations in traditional goods and services trade due to various global challenges [2] China's Digital Services Trade - China's digital services trade reached $385.76 billion in 2024, growing by 5.2%, with exports increasing by 6.1% and imports by 3.5% [9][13] - Digital services account for 36.7% of China's service trade, indicating room for further growth compared to the global average of 53.4% [9][13] - China ranks 7th globally in digital services trade, maintaining a net export surplus of $55.37 billion [13] Sector Performance - The ICT services sector is the largest contributor to China's digital services trade, accounting for $133.76 billion, with a growth contribution rate of 59.7% [13] - Personal entertainment services have shown remarkable growth, with export growth reaching 37.5% and imports at 27.9% [14] - Cross-border e-commerce is rapidly expanding, with a projected scale of $1.167 trillion in 2024, growing by 22.2% [8][14] Impact of Artificial Intelligence - The integration of artificial intelligence is reshaping digital trade across various dimensions, enhancing both supply and demand sides [14] - The potential for AI to significantly boost service trade growth rates is acknowledged, with optimistic scenarios suggesting increases of up to 18% by 2040 [14]

Core Insights - Digital trade is emerging as a new driving force for high-quality business development and is a crucial pillar for building a strong trading nation. In the first half of this year, China's digitally deliverable service imports and exports reached 1.5 trillion yuan, while cross-border e-commerce imports and exports hit 1.3 trillion yuan, both setting historical records [1][2]. Group 1: Digital Trade Expo - The Fourth Global Digital Trade Expo will be held in Hangzhou, Zhejiang from September 25 to 29, with over 1,700 exhibitors and a total exhibition area of 155,000 square meters [1]. - The expo will feature a strong focus on innovation and digital trade characteristics, emphasizing the integration of development concepts and ecosystems [1][2]. - International exhibitors account for over 20% of participants, including more than 70 Fortune Global 500 companies, and international attendees have increased by 54% compared to last year [1][2]. Group 2: Future Industry Development - The expo will include a "Future Technology Arena" main exhibition area and seven themed exhibition areas, showcasing over 100 first-time releases in China, Asia, and globally, focusing on cutting-edge technologies like generative AI and multimodal sensory interaction [2]. - The event aims to create market opportunities and facilitate cooperation between exhibitors and buyers, with a total expected procurement amount of 30 billion yuan [2]. Group 3: Cross-Border E-Commerce - Cross-border e-commerce is a significant component of digital trade, with Hangzhou continuing to lead in reform and development, optimizing top-level design, and enhancing the cross-border e-commerce comprehensive pilot zone [3].

Core Viewpoint - The development of service trade in China is experiencing significant growth, with a total import and export value of 3.9 trillion yuan in the first half of the year, marking an 8% year-on-year increase, the highest for the same period in history [1] Group 1: Government Initiatives - The government is promoting the integration of "artificial intelligence + service trade" to enhance the international competitiveness of the service industry [2] - Policies such as the "Opinions on Promoting High-Quality Development of Service Trade through High-Level Opening" emphasize the use of digital technology and artificial intelligence to innovate service supply [2] - Local governments, like Chongqing, are implementing action plans to optimize digital service trade and leverage advanced technologies to enhance their international market share [2] Group 2: Industry Adaptation - Service trade entities are encouraged to utilize "artificial intelligence +" to improve product and service competitiveness [3] - The "Opinions on Deepening the Implementation of 'Artificial Intelligence +'" suggest new service models that combine digital empowerment with intelligent-driven services [3] - Companies should focus on enhancing customer service through AI-driven tools for personalized recommendations and efficient client development [3] Group 3: Future Opportunities - The integration of "artificial intelligence +" presents unprecedented opportunities for high-quality development in service trade, driving it towards greater efficiency, intelligence, and quality [4]

Group 1 - Zhejiang Province has issued the "Implementation Plan for the Reform and Innovation Development of Digital Trade" to enhance its competitive advantage in digital trade and support high-quality development [1] - The plan outlines a "1+3+N" framework, which includes a global digital trade expo, three key centers (Hangzhou, Ningbo, Yiwu), and encourages other cities to develop distinctive digital trade projects [1] - By 2027, Zhejiang aims to rank among the top provinces in digital trade scale and establish itself as a global digital trade center by 2035 [1] Group 2 - The plan promotes the development of cross-border e-commerce by integrating it with traditional industries and enhancing brand cultivation [2] - It encourages the use of live streaming and visual marketing strategies in cross-border e-commerce, while also improving overseas service capabilities [2] - The initiative aims to optimize global overseas warehouse layouts and enhance their digital and intelligent capabilities [2] Group 3 - The plan focuses on building a competitive digital trade enterprise ecosystem, targeting the cultivation of cross-border e-commerce platforms with annual transaction volumes exceeding 10 billion [3] - It aims to support small and medium-sized enterprises in their digital transformation and technological upgrades [3] - The initiative includes the modernization of digital trade ports, enhancing the digital operation levels of sea, land, and air ports [3]

Core Viewpoint - Zhuhai is positioning itself for future industrial breakthroughs and urban enhancement, focusing on industrial upgrades and regional cooperation as key development themes [1][2]. Group 1: Industrial Development - Zhuhai is accelerating the construction of a modern industrial system, targeting emerging sectors such as artificial intelligence, low-altitude economy, and marine economy [2]. - The city has attracted over 40 artificial intelligence enterprises, with the core AI industry generating over 20 billion yuan in output [2]. - Initiatives like "Cloud Smart City" and "Sky City" are being developed to enhance technological capabilities and infrastructure for low-altitude traffic management [2]. Group 2: Regional Cooperation - Zhuhai is redefining its role within the Guangdong-Hong Kong-Macau Greater Bay Area, acting as a key node for collaborative development [5][6]. - The city is encouraged to deepen cooperation with Macau and other Bay Area cities, focusing on institutional innovation and cross-border integration in various sectors [6][7]. - Strategies include forming industry alliances, enhancing government collaboration, and leveraging legislative powers for coordinated innovation [7]. Group 3: Cultural and Tourism Development - Experts suggest developing cultural industry parks and enhancing infrastructure to foster cultural enterprise clusters [4]. - Zhuhai is advised to create premium tourism routes targeting visitors from Hong Kong and Macau, integrating various tourism resources into cohesive packages [8]. - The city aims to enhance its digital service trade, which currently accounts for 25% of its service trade total, by strengthening capabilities in financial services and new technologies [8].

Core Viewpoint - The "Implementation Plan for the Reform and Innovation Development of Digital Trade in Zhejiang Province" aims to position Zhejiang as a leading global digital trade center by 2027 and fully establish it by 2035, with significant growth in digital trade scale projected in the coming years [1][2]. Group 1: Digital Trade Growth - Zhejiang's digital trade import and export volume is expected to reach 821.85 billion yuan in 2024, marking a year-on-year growth of 14.5%, with exports at 623.62 billion yuan (up 17.4%) and imports at 198.23 billion yuan (up 6.2%) [1]. - The plan outlines a "1+3+N" layout, which includes a global digital trade expo, three key centers in Hangzhou, Ningbo, and Yiwu, and encourages other cities to develop distinctive digital trade projects [1][2]. Group 2: Cross-Border E-Commerce Development - The plan emphasizes the construction of a high-energy cross-border e-commerce international hub and the acceleration of digital ordering trade, integrating cross-border e-commerce with traditional industries and enhancing overseas service capabilities [2]. - It aims to select traditional industries and high-value sectors for cross-border e-commerce brand cultivation and establish online showcase centers in collaboration with platform enterprises [2]. Group 3: Digital Trade Innovation - The plan includes initiatives to promote innovative development in digital delivery trade, enhance the global digital trade expo, and build a modern digital trade port [2][3]. - It also focuses on strengthening the application of technologies like artificial intelligence in various sectors, supporting cross-border payment institutions in obtaining global payment licenses [2][3]. Group 4: Competitive Enterprises and Ecosystem - The plan aims to cultivate a group of internationally competitive digital trade leading enterprises, with a target of nurturing cross-border e-commerce platforms with annual transaction volumes exceeding 10 billion yuan by 2027 [3]. - It includes the establishment of a gradient cultivation database for cross-border e-commerce enterprises, aiming to support small and medium-sized enterprises in the digital trade sector [3]. Group 5: Digital Trade Expo - The fourth Global Digital Trade Expo is set to take place on September 25 in Hangzhou, with preparations currently in the final stages [5]. - The expo will focus on collaboration between exhibition, trade, and industry, creating a global network for investment and exhibition [4].

Core Viewpoint - Zhejiang province aims to explore the relaxation of digital market access and encourage foreign investment in the digital sector, with a goal to establish itself as a global digital trade center by 2035 [1][4]. Group 1: Development Goals - The "Implementation Plan for the Reform and Innovation of Digital Trade in Zhejiang Province" outlines two key phases, with a target of achieving a digital trade import and export total of 1 trillion yuan by 2025, accounting for approximately 2.5% of global trade [2]. - By 2027, Zhejiang plans to enhance its digital trade capabilities and establish a global digital trade center, with a focus on cultural products and digital service trade [3][4]. Group 2: Infrastructure and Support - The plan emphasizes the construction of a modern digital trade port, including improving the digital operation levels of sea, land, and air ports, and supporting the development of key digital trade hubs in Hangzhou, Ningbo, and Yiwu [3]. - It aims to build a tiered structure of digital trade enterprises, fostering collaboration among large, medium, and small enterprises, with specific targets for cross-border e-commerce platforms and sellers by 2027 [3]. Group 3: Policy and International Cooperation - The province will implement a national treatment and negative list management model for foreign investment in the digital sector, and explore the relaxation of restrictions on the proportion of Chinese personnel in co-produced television projects [4]. - Zhejiang will align with international high-standard economic and trade rules in the digital field and promote cooperation with countries involved in the Belt and Road Initiative [4].

Group 1 - The core focus of the EU summit was the trade negotiations with the US, with EU Commission President Ursula von der Leyen stating that they received a proposal from the US and are currently evaluating it [1][2] - The US government has extended the deadline for trade negotiations with the EU to July 9, with von der Leyen and European leaders discussing the prospects of these negotiations [1][2] - Von der Leyen indicated that the EU is prepared to reach an agreement but is also ready to defend European interests if a satisfactory deal cannot be achieved [2] Group 2 - French President Macron emphasized that while France supports a swift agreement, the goodwill of Europe should not be perceived as weakness [3][5] - Macron warned that the EU must utilize all tools to ensure a fair agreement, stating that US tariffs would inevitably lead to retaliatory measures from Europe [5] - German Chancellor Merz called for a quick and straightforward approach to the EU-US trade agreement, suggesting that rapid actions are preferable to slow and complex negotiations [6][7] Group 3 - Hungarian Prime Minister Orban criticized the EU's negotiating capabilities, suggesting that the leaders lack weight and negotiation strength [8] - Analysts believe that digital services trade could be a focal point in the negotiations, with US tech giants deriving about 30% of their profits from the EU market [9] - The US is pushing for the EU to relax regulations that they claim unfairly target American tech companies, particularly in areas like digital market competition and AI regulation [9]

Group 1 - The Singapore promotion event organized by the China International Fair for Trade in Services successfully showcased leading Chinese digital service trade enterprises, expanding opportunities in Southeast Asia's digital economy [1][12] - The event included two major forums focusing on digital infrastructure cooperation and international collaboration in the digital economy, attracting around 150 participants from global governments, industry leaders, and technical experts [2][4] - The DITF forum emphasized investment, technology, and sustainable development, discussing how AI capabilities can empower industrial transformation and the role of Chinese experience in Southeast Asia's AI infrastructure [5][9] Group 2 - The event featured discussions on the key pillars of digital industry, including data centers and cloud networks, and how local enterprises can collaborate with multinational companies to enhance competitiveness in Southeast Asia [8] - The Digital Economy International Cooperation Forum addressed the globalization of the digital economy and the internationalization challenges faced by enterprises, with discussions on Singapore's "Smart Nation" experience [9][11] - The Chinese digital service trade delegation at the 2025 GITEX ASIA highlighted the strength and innovation of Chinese enterprises, showcasing products like AI-enabled platforms and zero-carbon data center solutions [11][12]