Digital trade new growth driver for BRI countries

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Digital trade new growth driver for BRI countries

STORY: Digital trade new growth driver for BRI countries DATELINE: Sept. 7, 2022 LENGTH: 00:01:31 LOCATION: Beijing CATEGORY: ECONOMY/TECHNOLOGY SHOTLIST: 1. various of the 2022 CIFTIS 2. various of digital economy 3. various of BRI countries STORYLINE: At the just-concluded 2022 China International Fair for Trade in Services (CIFTIS), experts pointed out that digital technology has become a new growth engine for countries and regions involved in the Belt and Road Initiative (BRI). A report entitled "Digital Trade: Development and Cooperation" was released at the CIFTIS. It shows that the global cross-border trade in digital services exceeded 3.8 trillion U.S. dollars in 2021, accounting for 63.6 percent of the total trade in services. China's digital trade is developing rapidly, with its total imports and exports of digital services growing 22.3 percent year-on-year in 2021 to reach 359.69 billion U.S. dollars. Zhang Xiangchen, deputy director-general of the World Trade Organization, said digitaliza

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