Digital trade a new engine for growth

Nation's cross-border e-commerce reached 2.37 trillion yuan last year

While China's digital trade sector made significant progress in 2023, it is fast becoming a new engine in the country's drive to strengthen its position as a strong trading nation and injecting new momentum into global economic growth, officials and experts said.

China's import and export of digitally-delivered services trade rose 8.5 percent year-on-year to 2.72 trillion yuan ($387.5 billion) in 2023, a record high, the Ministry of Commerce said on Thursday.

The import and export scale of the country's cross-border e-commerce reached 2.37 trillion yuan last year, up 15.3 percent year-on-year, according to a report on China's development of digital trade released by the ministry during the ongoing third Global Digital Trade Expo in Hangzhou, Zhejiang province.