Driving the Digital Economy – 2021 Global Digital Trade Conference and Wuhan (Hankoubei) Commodities Fair presented ‘Digital Trade and Technology’ thematic in Wuhan, Hubei

The 2021 Global Digital Trade Conference and Wuhan (Hankoubei) Commodities Fair held the “Digital Trade and Technology” thematic event in Wuhan, Hubei. More than 300 distinguished guests, including leading experts and scholars in digital trade and economy, entrepreneurs, and industry leaders attended the conference. They shared new insights into digital trade and technology under China’s new “dual circulation” development strategy and the future development of the global digital economy.

The Main Conference Hall, 2021 Global Digital Trade Conference and Wuhan (Hankoubei) Commodities Fair, for the thematic keynote “Digital Trade and Technology” in Wuhan, Heibei Provence, on October 13. Both continue on-/off-line through October 26.

Ongoing industrial transformation, powered by informatization, digitization and intelligent connectivity, brings about digital trade, with a significant impact on the trading sector, fostering new business models and trading patterns among counterparties. This reshapes the global industrial chain, supply chain, value chain and innovation chain, becoming a revolutionary driving force for economic globalization. As a key highlight of the Global Digital Trade Conference, “Digital Trade and Technology” aims to become a leading platform, facilitating discussion, exchange and conversation around global digital trade.

Jiang Wei, Standing Committee member of the Wuhan Municipal Party Committee and Vice Mayor of Wuhan, delivered an address that shed light on Wuhan’s geographic location and transportation advantages, vibrant commercial hub, and quality modern logistics infrastructure laying the foundation to advance the development of Wuhan’s digital trade and economy. The largest city in Central China has introduced a series of policies to promote the development of the digital economy and has achieved much success. Jiang Wei welcomed attendees to take advantage of the digital trade development opportunities and invest in Wuhan with their new businesses and technological innovations.

Internationally renowned experts, including Dr Finn E. Kydland, Norwegian economist and winner of the 2004 Nobel Prize in Economics; Yoshinori Ogawa, Executive Director of Marubeni Corporation and Managing Director for Marubeni China; Wu Ying, Chairman of the Digital China Federation; Liang Rubo, CEO of Bytedance; Jiang Guofei, Vice President of Ant Group; Loh Boon Chye, Vice Chairman of the World Federation of Exchanges (WFE) and the CEO of SGX; and Tian Ning, Chairman of the Board, Panshi Group delivered addresses which shared new insights on development trends in the global digital economy, the integration of digital trade and technology, and industrial supply chain innovation and transformation.

Organizer & host Qi Zhiping, CEO, ZALL Smart Commerce Group, joined entrepreneurs Qian Xiaojun, CEO of Beijing United Information Technology; Mu Xiaohai, Vice President of JD Cloud Business Group; Sun Wei, CEO of Shenzhen Sinoagri; and Huang Jianwen, Chairman of pao400, for in-depth panel discussions around the development path and transformation of traditional industries in the digital economy era.

iResearch Consulting, China’s leading data research organization, introduced a white paper on Global Digital Trade. Li Chao, a Chief Analyst at iResearch and Executive Dean of iResearch Institute, presented the findings. The white paper highlights current developments in digital trade; existing digital infrastructure, policies, technologies and capital. It also analyzes how digital trade has redefined traditional trade across production, transaction and supply chain.

The whitepaper looks at five major industries: agriculture, steel, plastics, wholesale and cross-border trade, along with the business models of renowned Chinese and global digital trading companies. It analyzes the profound changes digital technologies and supply chain services bring to the global trade industry, highlighting the growth momentum of digital trading companies and their financial market prospects. The paper suggests that with continued industry upgrading and business segmentation, there will be opportunities for digital trade services and ecosystem-based platforms to create new industrial supply-demand relationships and ecological synergies.

Themed “Intelligent Connectivity . Global Trading”, the 2021 Global Digital Trade Conference is organised by the Hubei Provincial People’s Government; supported by the All-China Federation of Industry and Commerce; co-organised by the Wuhan Municipal People’s Government and the Department of Commerce of Hubei Province; and executed by the Wuhan Huangpi District Government, Wuhan Municipal Bureau of Commerce, ZALL Smart Commerce Group and Hankoubei Group. The Wuhan (Hankoubei) Commodities Fair is organized concurrently and features hundreds of procurement networks and thousands of live-stream activities, pushing global industrial and supply chains towards digitalization and intelligent connectivity, and promoting high-quality development of economic activities and global trade.

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