China Advances Market Access and Digital Trade

Chinese Premier Li Qiang announced that China will continue to facilitate market access and improve policies for cross-border e-commerce, with a focus on strengthening digital trade and international cooperation. He emphasized that the rapid growth of digital trade has created new opportunities, but also highlighted developmental gaps, trade barriers, and gaps in international rules. He called for enhanced international collaboration, standardization, and mutual recognition. This comes amid the expansion of digital trade in China, where the average annual growth rate of digital services trade value is projected to reach 11.2% from 2016 to 2025, surpassing the global average by one and a half percentage points.

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