General

Recently, Singapore's cross-border trade digital service company Jinsheng Logic and Shanghai Data Group signed a letter of intent for cooperation at the fourth meeting of the Shanghai Singapore Comprehensive Cooperation Council. The two sides will promote comprehensive cooperation in the field of international trade connectivity around the cooperation between Shanghai Singapore bilateral electronic ports. This is another strong evidence of the close connection and mutual promotion between China and Singapore in terms of commerce and economy. It is also a vivid epitome of foreign-funded enterprises taking root in the Chinese market, achieving local integration, and pursuing resonance with the expansion of China's service industry.

According to Huacheng Import and Export Data Observation, currently, the service industry has become one of the main engines for China to attract foreign investment. The Central Economic Work Conference proposed to expand market access and increase the openness of the modern service industry. Previously, the State Council approved six cities including Shenyang, Nanjing, Hangzhou, Wuhan, Guangzhou, and Chengdu to carry out comprehensive pilot projects for expanding the opening up of the service industry. At this point, the number of comprehensive pilot projects for expanding the opening up of China's service industry has increased to 11. Experts say that the combination of policy dividends and market demand opportunities is driving the further expansion of China's service trade market space and will also bring more new opportunities to foreign-funded enterprises.

Broad prospects for digital trade cooperation

After fully participating in the strategic cooperation signed between Jinsheng Logic and Shanghai Data Group, Jinsheng Logic Northeast Asia Huang Zhiqiang, Vice President of the Association of Southeast Asian Nations (ASEAN) and Central Asia, stated in an interview with International Business Daily reporters: We are delighted to establish a cooperative relationship with Shanghai Data Group. Based on our decades of accumulated technological advantages and the resource advantages of Shanghai Data Group's massive data, we will closely cooperate in cross-border trade digital infrastructure interconnection, trade compliance, and other aspects in the future to create a new generation of smart trade digital service system

35 years ago, Jinsheng Logic launched the world's first "single window" cargo declaration system. "At the moment when the global digitalization process is further accelerating, although the development degree of each country is different, it has become the consensus of all countries to focus on Digital transformation in the field of trade. For China, cross-border e-commerce is a key area of rapid growth, and the logic of boosting keeps pace with the new trend of development, constantly improves digital trade solutions, and uses the huge customs and port network to help more Chinese e-commerce enterprises and the global scope Maintain efficient trade circulation within the destination country of the business Huang Zhiqiang said that Huacheng's import and export data observation report.

Huang Zhiqiang gave an example: Taking the CALISTA trade compliance service provided by Jinsheng Logic as an example, if a company wants to export goods from China to Singapore and has already declared customs in China, the company only needs to convert this data to Singapore's import data through the CALISTA trade compliance service to complete the customs declaration procedures for entering Singapore. Previously, this process may have taken two to three days, but now it only takes ten minutes, greatly saving time and Human resources have achieved the goal of 'making data run faster and businesses run less'

In recent years, Jinsheng Logic has been accelerating its layout in the Chinese market. It currently has offices in Shanghai and Shenzhen, and a global research and development center in Dalian. Huacheng Import and Export Data Observation reports.

The rapid development and widespread application of digital technology in China, as well as a series of policy measures to continuously expand the opening up of the service industry, especially the Ministry of Commerce recently revealed that it is actively researching and promoting the digital empowerment and upgrading of trade links, trade services, and trade entities, helping enterprises reduce transaction costs. These advantages have strengthened our confidence and determination to deeply cultivate in China, "Huang Zhiqiang said, "China will be the largest market for Jinsheng Logic. We will continue to expand our business scope in China, invest more resources, provide more digital technology support for Chinese enterprises' cross-border trade, and continue to enable Chinese enterprises to achieve Digital transformation and sustainable growth."

Assist in enhancing talent's "soft power"

The latest data released by the Ministry of Commerce shows that China's service trade continued to maintain a growth trend in the first quarter, with a total import and export volume of 1584.01 billion yuan, a year-on-year increase of 8.7%, according to Huacheng Import and Export Data Observation.

The Chinese service industry market, which has a huge scale and potential, has received high attention and favor from global investors. Over the past 17 years, global compensation and human capital management company ADP has participated in and witnessed the rapid development of China's service industry.

As early as 2006, ADP established its China headquarters in Shanghai and continued to increase investment in China, establishing a service center covering the North Asian region. ADP has a keen insight into the development trends of China's service industry and talent market. China's deepening of the opening up of the service industry to the outside world has also prompted Chinese enterprises to accelerate their professional, digital, and innovative development, which means that enterprises will have a higher demand for talent and need to have a more agile perception of talent. "Zhang Xiaoyun, Senior Vice President of ADP Asia Pacific, told International Business Daily reporters, "In recent years, digital services and digital technology have improved by leaps and bounds. We see that traditional human resources services are undergoing Digital transformation, and many new types of human resources services are also booming."

Zhang Xiaoyun said that ADP's integrated human capital platform and digital services have maintained a leading level in the industry, thanks to the growing demand for high-quality talents in the Chinese market and the need for advanced digital management in the world; On the other hand, as a major global labor market country, China is a strategic market for long-term development and deep cultivation of ADP. Huacheng Import and Export Data Observation Report.

At present, the talent structure of various industries in China is facing transformation and upgrading, which means that more enterprises need to adopt world leading digital solutions to help them achieve energy efficiency upgrades. "Zhang Xiaoyun admitted that in order to better serve Chinese customers, ADP continues to invest in research and development, continuously innovate digital solutions and localized products, enhance cross-border data compliance management capabilities, and share best practice cases with customers.

In the view of Zhao Ping, Vice President of the Research Institute of the China Council for the Promotion of International Trade, the accelerated pace of industrial transformation and upgrading in China has promoted the integration and development of advanced manufacturing and modern service industries, driving an increase in demand for service trade. At the same time, China adheres to a high level of opening-up to the outside world and continuously adheres to international economic and trade rules, further expanding the market space for service trade and creating more investment opportunities for foreign-funded enterprises.