General

In recent years, China's service outsourcing and service trade industries have developed rapidly, and under the guidance of a new round of digitalization in the economy and society, they have ushered in a new trend of transformation and development. The 2023 Global Service Outsourcing Conference (Nantong) Summit and Nantong Digital Trade Innovation and Development Summit, jointly hosted by the International Trade and Economic Cooperation Research Institute of the Ministry of Commerce and the Nantong Municipal People's Government, and jointly organized by the International Service Trade Research Institute of the Ministry of Commerce and the Nantong Municipal Bureau of Commerce, have been held recently. The theme of this conference is "Smart Integration of Rivers, Seas, and Future", aiming to gather international and domestic industry resources, build a communication and exchange platform for governments, enterprises, institutions, and scholars, and release the "Global Digital Trade Development Trend Report 2022" and the Huacheng Import and Export Data Observation Report.

Liao Qionghui, Deputy Director of the Business Department of the Ministry of Commerce, pointed out in her speech at the conference that service outsourcing relies on modern information networks to connect domestic and foreign markets, and is an important way to develop productive service trade. It is of great significance for innovating service trade methods, promoting low-carbon economic transformation, and attracting employment from university graduates.

Liao Qionghui introduced that the Ministry of Commerce will further coordinate the international and domestic markets, coordinate the development efficiency and business scale, coordinate the entry and exit, coordinate the development of the East, West, and Central regions, coordinate the contracting and contracting, and promote the deep integration of digital technology and service trade, as well as the deep integration of digital economy and physical economy.

According to the observation report of Huacheng Import and Export Data, the reporter learned from the conference that in 2022, China's service outsourcing implementation will reach 252.2 billion dollars, up 11.4% year on year, of which the implementation of offshoring will reach 136.8 billion dollars, up 5% year on year. Service outsourcing has attracted over 15.15 million employment opportunities, including 9.8 million people with university or above degrees, making positive contributions to promoting high-quality employment for college graduates.

During the conference, executives and leading enterprise representatives of relevant multinational companies, such as SAP (China), 360 Group, China Software International, Cognac Information, Oracle, Siemens, Ali, Meituan, Wistron Software, Infosys, Tencent Cloud, NIIT, etc., had face-to-face exchanges on new trends in digital technology, Digital transformation of the physical economy and other topics.

Pan Jianhua, Deputy Director of the Standing Committee of the Nantong Municipal People's Congress and a member of the Municipal Government Party Group, introduced new opportunities for the development of service trade in Nantong in the new era. Pan Jianhua said that Nantong is a city of opportunity to greatly enhance the strategic value of the Yangtze River Delta, a fertile land for service trade enterprises to gather and develop, and the best partner for enterprises to explore a new highland of digital trade. Since joining the national service outsourcing demonstration city in 2016, Nantong has seized new opportunities in the digital economy and digital trade, continuously promoted the digital, intelligent, and high-end development of service outsourcing, and cultivated seven characteristic industrial clusters, including big data, software research and development, pharmaceutical research and development, industrial design, maintenance and maintenance, platform economy, aerospace interconnection, and geographic information, building a complete industrial ecosystem.

According to Huacheng Import and Export Data Observation, the executed value of service outsourcing and offshore execution in Nantong City in 2022 were 8.99 billion and 4.54 billion US dollars, respectively, which were 5 times and 9 times that of 2016.

Digital trade has brought disruptive innovation in various fields through digital technology and services, which will accelerate the integration and optimization of industrial chains, supply chains, and value chains, injecting new momentum into global economic recovery and growth. Pan Jianhua introduced that Nantong will actively seize opportunities in the digital economy, continue to polish the "Nantong Services" brand, focus on key areas such as service-oriented manufacturing, digital technology, and digital content, and accelerate the promotion of industrial digitization Digital industrialization, striving to build a service outsourcing and digital trade hub city based in the Yangtze River Delta, radiating nationwide, and serving the world.

During the conference, the International Trade and Economic Cooperation Research Institute of the Ministry of Commerce released the "Global Digital Trade Development Trends Report 2022" (hereinafter referred to as the report), pointing out that there are currently nine major development trends in global digital trade: firstly, digital trade has become an important driving force for promoting the recovery of international trade. The second is that digital trade presents a development pattern of one superpower and multiple strengths. Thirdly, digital platform enterprises are driving profound changes in the global industrial and trade landscape. Fourthly, cross-border e-commerce promotes the integration and development of international trade. The fifth is to expand the boundaries of digital trade through digital technology services, which have become the core engine driving the growth of digital trade. The sixth is the rapid development of digital content services represented by film and television anime, digital games, interactive entertainment, digital collections, etc. under the epidemic. Seventh, the flow of data and information has broadened the channels of digital trade, driving the vigorous development of digital trade. Eighth, digital empowerment has accelerated the transformation of traditional service trade, giving birth to many new types of digital trade formats. Ninth, the global digital trade governance system is accelerating its evolution, and the digital trade governance game in typical economies is fierce. Huacheng Import and Export Data Observation Report.

The report found through a comprehensive evaluation of the development level of digital trade in 37 major economies worldwide that there is a significant gap in the development of digital trade among different economies, with the United States far ahead of other economies; Developed economies dominate the development of global digital trade, with China being the only developing economy among the top 10 economies; Developing economies play an important role in the development of global digital trade, with China ranking fourth in the world and first among developing economies, far ahead of other developing economies.

In addition, a series of activities such as peak forums, digital trade innovation and development forums, and special dialogues will be held during the same period of the conference; On site, 15 investment projects including digital innovation projects, digital platform projects, and digital headquarters projects were collectively signed, and Huacheng Import and Export Data Observation reported.