BEIJING, Nov. 5 (Xinhua) -- East China's Zhejiang province will step up efforts to build a global digital trade center by 2025, according to a plan for building a pilot demonstration area for digital trade recently released by the Department of Commerce and Cyberspace Administration of Zhejiang.
The plan for building a pilot digital trade demonstration area, the first of its kind in China, specified 23 construction tasks and itemized 108 innovative policies around developing new infrastructure, formats, scenarios, growth drivers and systems of digital trade.
According to the plan, Zhejiang will initially build a pilot digital trade demonstration area featuring large-scale digital transaction, digital industry agglomeration, rich digital content and digital trade facilitation by 2022, providing replicable practice reference for the development of digital trade nationwide.
By 2025, a global digital trade center with a higher level of digital trade liberalization and facilitation will take shape in the province.
In terms of specific development goals, the plan puts forward that Zhejiang's digital trade should further grow, at an average annual rate of over 15 percent to reach the scale of 100 billion U.S. dollars by 2025.
The plan also proposes a series of construction targets, such as accelerating the construction of new infrastructure of digital trade including new internet infrastructure, intelligent computing centers, and digital ports, and speeding up the development of cross-border e-commerce, digital cloud services and other new digital trade formats.
In September, the State Council, China's cabinet, issued a plan for expanding the free trade zone in Zhejiang, which made it clear that Zhejiang should focus on building a pilot digital trade demonstration area. (Edited by Su Dan with Xinhua Silk Road, sudan@xinhua.org)
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