Smarter digital tech fosters new advantages

As digital and intelligent technologies have become a driving force of globalization, China is building new competitive advantages via the use of digital platforms helping smaller businesses expand overseas and promoting institutional opening-up, leading economists and scholars said.

Speaking in Beijing at the Global Forum of Finance and Economics, part of the 2025 ZGC Forum, they stressed the need to further adapt to digital transformation by exploring renminbi-pegged stablecoins in Hong Kong and advancing fiscal reforms to stabilize economic growth.

Jiang Xiaojuan, a professor at the University of Chinese Academy of Social Sciences, said at the forum on Saturday that digital and intelligent technology has become the central force behind globalization, reshaping the landscape of cross-border e-commerce and accelerating the international division of labor across research and development, manufacturing, trade and services.