With the theme of "Towards Digital Future and Service Driven Development," the upcoming China International Fair for Trade in Services will highlight the digital economy and digital trade. 

The digital trade is a new type of trade realized by digital delivery, with digital technologies as the means and digital services as its core. 

According to the United Nations Conference on Trade and Development, from 2008 to 2019, the global export volume of digital services increased from US$1.9 trillion to nearly US$3.2 trillion. In 2019, digital services export accounted for 52% of global services export. The COVID-19 pandemic in 2020 led to further development of the global digital trade. 

China's digital trade is making up an increasingly larger part of its foreign trade. The proportion of digital trade in trade in services increased from 19% in 2018 to 22.3% in 2019, and to 25.6% in 2020. China's digital trade volume increased by 20.5% year on year in 2020, 15.6 percentage points higher than that of its total trade in services. According to data from the Ministry of Commerce, the trade volume of knowledge-intensive services grew by 8.3% in 2020 and 13.5% in the first half year of 2021, accounting for 44.5% and 46.5% of trade in services, respectively. 

New formats and new business models such as remote telecommuting, video conference, online education, remote medical services, cross-border e-commerce, and online exhibitions play an important role in smoothing the international circulation. Since the 18th National Congress of the Communist Party of China (CPC) in 2012, China's digital services import has increased by an average of 6% annually, one percentage point higher than the global growth rate. 

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