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Guizhou Capital Receives Digital Trade

Guizhou Capital Receives Digital Trade Development Recognition

According to reports, Guiyang, the capital city of southwestern Guizhou Province, has made significant achievements in the development of digital transactions.

This assessment given in the “2021 Global Digital Trade and China Development Report” released at the High-Level Dialogue on Global Digital Service Trade in Guiyang on May 26. Which was regarded as the ongoing China International Trade in 2021. An important part of the Big Data Expo. Until May 28.

The report is the first authoritative study on digital economy and digital trade carried out by the China Institute of International Trade and Economic Cooperation, a national think tank.

The report statistics show that in 2020. Guiyang City implemented digital service outsourcing contracts worth 440 million US dollars, an increase of 84.5% year-on-year.

Among them, the execution value of offshore outsourcing contracts was US$126 million, an increase of 19.1%; the execution value of onshore outsourcing contracts was US$315 million, an increase of 136.3% year-on-year.

The report also put forward ideas and measures for Guiyang’s digital development.

It recommended that Guiyang, starting from a comprehensive pilot zone for cross-border e-commerce. Establish a trade digital management and promotion mechanism, and accelerate the digital transformation of trade.

It also recommended that Guiyang give full play to its advantages in the big data industry. However, promote the construction of a provincial service outsourcing demonstration city, and accelerate the development of digital trade.

In addition, Sang Weiliang, deputy director of the Standing Committee of the Guizhou Provincial People’s Congress. However, stated in the Global Digital Service Trade High-level Dialogue that Guizhou is stepping up its application for the establishment of China’s Guizhou Free Trade Zone.

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