CURRENT STATE, TRENDS AND CHALLENGES OF CHINA’S DIGITAL TRADE

Abstract

The digitalization of economy has a significant impact on the economic sector and on other activities. In recent years, there has been a sharp increase in the digitalization of the economy in China, primarily in such an area as digital trade. China's digital trade has grown steadily in recent years, and its share in China's trade has also increased. This article proposes the term “digital trade” and presents its characteristics. Analyze the state of the China’s digital trade, the features and main trends in the development of digital trade in goods and services. In addition, put forward current problems in the development of digital trade in China. It is concluded that digital trade in China as a whole has a positive trend, but in the future, instead of digital trade in goods, digital trade in services will become a major driving force of China's digital trade. With the development of cloud computing, cloud outsourcing and offshore services will become a new sector of digital services trade in the coming years. It was noted that China's digital trade is a driver for innovative trade growth and has an active impact on China's trade and economic activity.