Abstract
PurposeThe purpose of this study is to explore how the development of digital trade can provide new development prospects to China's foreign trade under the background of the gradual expansion of China's digital economy and the further release of policy dividends.Design/methodology/approachUsing the methods of literature collection and induction, combined with traditional trade theory, this paper analyzes the characteristics and challenges of digital trade under the background of the digital economy.FindingsThe findings reveal that China's digital trade development still faces some risks, such as the containment of China's core technology, digital security and unbalanced development among regions. Considering these risks, China should break through core technical problem, participate in the formulation of international rules to ensure data security, give priority to the development of service trade and improve the unbalanced development of digital trade.Social implicationsBy analyzing the development status and characteristics of the digital economy and digital trade, this paper summarizes the challenges and comparative advantages faced by China's digital trade, and puts forward corresponding suggestions. These suggestions will allow China to take advantage of its rapid digital economy development and occupy a leading position in global digital trade.Originality/valueThis paper creatively expounds on the new development direction of digital trade from the perspective of comparative advantage and risks, and provides some suggestions to expedite China's digital trade development.
Highlights
The rapid development of the global digital economy has influenced people’s lives, as well as the industrial structures, scientific and technical innovation, and economic development of many countries
The development degree of the digital economy differs in various countries, and China’s development of the digital economy is at the global forefront
This paper will summarize a series of digital trade characteristics
Summary
The rapid development of the global digital economy has influenced people’s lives, as well as the industrial structures, scientific and technical innovation, and economic development of many countries. The digital economy is an important development direction for countries worldwide and a key driving force for global economic growth and innovation. The rapid growth of the digital economy scale is closely related to the continuous improvement of China’s infrastructure, the continuous release of policy dividends, the vigorous development of new business forms and digital technology innovation.
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