Digital trade development key to growth

Guideline expects share in services transactions to exceed 45% by 2029

China's latest push to promote the reform and innovative development of digital trade is expected to foster new growth drivers for foreign trade, inject fresh impetus into high-quality economic development and strengthen its position as a strong trading nation, experts said.

Highlighting that booming digital trade has become a transformative force that is reshaping the global economy, they added that a set of goals to expand digital trade also indicates the country's firm determination to advance high-standard opening-up and create a more favorable business environment for all enterprises in the sector.

Their comments came following a guideline jointly released by the general offices of the Communist Party of China Central Committee and the State Council on Thursday.