Core Insights - The article discusses the emerging business of "data processing" in the context of international data handling, highlighting the challenges of compliance and technical costs faced by companies in this sector [1][2][3] - The establishment of the Lingang New Area as a hub for international data processing is emphasized, showcasing its advantages in infrastructure and regulatory innovation [7][8][9] Group 1: Business Development - Lingang Zhihua has grown to 300 employees since its establishment, driven by the new "data processing" business, which involves transforming raw overseas data into usable data products [1] - The demand for international data processing is increasing, with companies like Junyue Shenghui leveraging the Lingang cross-border base to expand their operations in Southeast Asia [5][6] Group 2: Regulatory and Infrastructure Advantages - The Lingang New Area is implementing a cross-border data management system to facilitate efficient and secure data flow, addressing compliance and cost issues [3][8] - The area has established dedicated international data centers with core and edge nodes to support businesses in data processing, ensuring low latency and high bandwidth [7][8] Group 3: Cost Reduction Initiatives - The introduction of a "group purchase" model for international data lines aims to reduce application time by about one month and cut costs by 80% for companies [8] - Financial support measures include up to 10 million yuan in subsidies and zero-rent spaces for key sectors, facilitating the expansion of digital enterprises [8][9] Group 4: Talent and Skill Development - The demand for skilled personnel in data annotation is critical, with Lingang's talent pool from local universities meeting the needs for various language skills [9] - The complexity of data annotation requires specialized knowledge, particularly for tasks related to large models, highlighting the importance of a qualified workforce [9]

Core Insights - The 2025 China International Service Trade Fair will be held from September 10 to 14 in Beijing, focusing on the theme "Digital Intelligence Leading, Service Trade Renewed" [3] - China's service trade showed significant growth in the first half of the year, with total service trade reaching 38,872.6 billion yuan, a year-on-year increase of 8% [6][11] - Travel service exports surged by 68.7%, highlighting the strong appeal of "Travel in China" [7][9] Group 1: Travel Services - Travel services remain the largest sector in China's service trade, with imports and exports totaling 10,802.9 billion yuan, growing by 12.3% [7] - The increase in travel service exports is attributed to various measures, including visa facilitation and improved payment options for foreign visitors [9] - The number of duty-free shops has increased significantly, with over 7,200 stores now offering duty-free services, leading to a 186% increase in the number of people benefiting from these services [10] Group 2: Knowledge-Intensive Services - Knowledge-intensive service trade reached an import and export scale of 15,025.4 billion yuan, growing by 6%, with exports at 8,650.4 billion yuan, up 7.8% [11] - This sector includes telecommunications, financial services, and intellectual property, accounting for nearly 40% of total service trade [11][12] Group 3: Data Processing and Gaming Industry - The "data processing" industry is emerging as a new business model in service trade, with companies in Hainan establishing a "digital bonded area" for data processing services [12][13] - The gaming industry has also seen significant growth, with self-developed games generating sales of 9.501 billion USD in overseas markets, a year-on-year increase of 11.07% [14] Group 4: Integration of Virtual and Real Economies - The integration of service trade with traditional goods trade is emphasized, with transportation services acting as a bridge between the two [15] - Innovative solutions in transportation, such as smart container trucks and green energy initiatives, are being implemented to enhance efficiency and sustainability [15][16] Group 5: High-Value Service Exports - High-value service exports are expected to play a crucial role in addressing trade deficits, with a focus on digital services, online education, and cross-border healthcare [17] - The Chinese government is promoting innovative practices in service trade to enhance competitiveness and international recognition [17]