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Original title: APEC Labor Leaders China Forum Focuses on “Digital Economy” Cooperation
Source: Daily economic information
On November 19, the APEC 2020 China Business Leaders Forum was held in Beijing. With the theme of “Digital Productivity”, the forum discussed the potential of digital technology to iteratively accelerate and promote productivity in the new was. Participants noted that the global economy is facing the threshold of digital transformation. The Asia-Pacific region should take advantage of the existing advantages of cooperation in the field of digital economy, accelerate the deployment of emerging industries, use innovation to aid cooperation, and use the digital economy as an engine to promote the region of Asia and the Pacific to jointly build the “Digital Silk Road”.
Gao Yan, chairman of the China Council for the Promotion of International Trade and the China International Chamber of Commerce, noted that in 2019, China’s digital economy reached 35.8 trillion yuan, contributing 67.7% of the GDP growth. As the public reduces travel during the epidemic, the digital economy lifestyle has become more widely used in China, and demand for the digital economy has grown substantially. Relevant data shows that in the first three quarters of 2020, China’s information technology services achieved revenue of 3.516.2 billion yuan, of which big data service revenue was 153 billion yuan , an increase of 12.5% year-on-year. On the consumer side, online retail sales of physical goods increased 15.3% year-on-year, representing 24.3% of total retail sales of consumer goods.
Gao Yan noted that the Asia-Pacific region has always attached importance to cooperation in the digital economy. For this reason, all parties have also reached a consensus on the “Initiative for the Promotion of Economic Cooperation on the Internet” and the “APEC Internet and Digital Economy Roadmap”, which is in accordance with the future China’s key development areas. China is willing to work with the Asia-Pacific economies to jointly tap into the potential of the digital economy, create more boutique cooperation projects, and share the dividends of the digital economy industry.
Gao Yan said he hopes the business community will seize opportunities in the digital transformation of the global economy, drive development with innovation, focus on key core technologies, accelerate the deployment of emerging industries such as 5G networks, big data and smart manufacturing. , and cultivate a new momentum for international development and cooperation. New competitive advantage. Furthermore, cooperation in cutting-edge spheres such as the digital economy, artificial intelligence, nanotechnology and quantum computers must be strengthened to form a “digital silk road” in the 21st century and stimulate the economic vitality of the countries of the world. “Belt and Road” and the Asia-Pacific region.
Wang Shouwen, Vice Minister of Commerce and Deputy Representative for International Trade Negotiations, also said in his speech that under the epidemic, the advantages of the digital economy to promote social stability and increase business resilience have become more prominent. China will work with other economies to bridge the regional digital divide, strengthen confidence in the development of the digital economy, and create new growth points for the Asia-Pacific economy.
Wang Shouwen also noted that the Asia-Pacific countries have jointly formulated a “post-2020 cooperation vision” and will be presented to the leaders’ meeting for review and approval. Once approved, the vision document will provide more favorable development conditions for the business community.
The prospect of cooperation in the Asia-Pacific region has stimulated the enthusiasm of companies to participate. Ning Gaoning, Chairman of the Sinochem Group and Chairman of the APEC China Business Council, said the current international environment has undergone major changes and all parties must jointly address risks and challenges. The Asia-Pacific business community must continue to play an important role in the internationalization and globalization of economic development. In the process of adjustment and restructuring of the global supply chain and industrial chain, make a good design and actively innovate to promote the development of the digital economy.
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