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Haikou Jiangdong New Area
News for Outlets

China mulls institutional framework to bolster digital trade: MOC

September 11, 2020


Abstract : China's Ministry of Commerce (MOC) is studying the institutional framework for digital trade with relevant departments to support the development of China's digital economy and trade, reported Economic Information Daily Friday.

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Staff members introduce trip information through live streaming at China Tourism Group booth in the tourism services exhibition area of the 2020 China International Fair for Trade in Services (CIFTIS) in Beijing, capital of China, Sept. 5, 2020. (Xinhua/Pan Siwei)

BEIJING, Sept. 11 (Xinhua) -- China's Ministry of Commerce (MOC) is studying the institutional framework for digital trade with relevant departments to support the development of China's digital economy and trade, reported Economic Information Daily Friday.

Efforts will be made to formulate digital trade work plans, set up working groups of experts on digital trade, and introduce specific measures to create a sound policy environment for China's digital trade development, said MOC spokesperson at a press conference held Thursday.

Deepening the practice of digital trade is also moving forward, he added, noting that based on a comprehensive assessment, MOC, together with other departments, selected the first 12 digital service export bases earlier this year, so as to improve related policies and systems in practice.

He also pointed out that digital trade will become an important part in promoting and deepening the innovative development of trade in services with the aim to continuously optimize the allocation of digital resources and stimulate the development potential of China's digital economy and trade. (Edited by Gu Shanshan with Xinhua Silk Road, gushanshan.1987@163.com)

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Keyword: China digital trade

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