ntry in the forest sector by the middle of this century in a guideline on promoting the greening of the homeland issued in November. The count
ry also aims to increase its percentage of forest cover from 21.7 percent in 2018 to about 23 percent in 2020, and 26 percent in 2035.
China’s digital trade is expected to lead global trade development, with the economic value of di
gital trade-enabled productivity benefits to the Chinese economy estimated to reach 37 trillion yu
an ($5.5 trillion) by 2030,according to a report on how China can capture digital trade opportunities at home and abroad.
Digital trade has become increasingly important; there are a lot of definitions of digital trade going on, with
the most common one being e-commerce, including monetary transactions and exchanges of goods and services, said re
search project head Konstantin Matthies, noting the report studies digital trade with a much broader approach.
“Digital trade” refers to the production, distribution, marketing, sale or delivery of goods and servi
ces – domestically and abroad – supported by cross-border digital flows. This consists of trade in digi
tally enabled products and services and cross-border data flows that create economic value in the domestic economy, acc
ording to the report jointly released by the Center for China and Globalization as well as the Hinrich Foundation.
Minister of Commerce Zhong Shan said a slew of measures will be taken this year to boost China’s social consumption, such as improving urban consumption, to promote
consumption upgrades, expand rural consumption, and develop service consumption while optimizing service supply.
The country will upgrade a number of pedestrian streets, optimize the layout of convenience stores, and encourage brand development and franchising.
The country will promote “selling agricultural products to the cities, while selling industr
ial products to the countryside”.hina’s investment environment is expected to become more stab
le, open and transparent, as the draft foreign investment law stipulates foreign enterprises will receive pre-established nati
onal treatment plus a negative list management system, according to the Ministry of Commerce on Saturday.
The foreign investment law is expected to help establish an environment where foreign co
mpanies can compete fairly in China, and better protect the legitimate rights and interests of foreign investors, Wang
Shouwen, vice-minister of commerce, said at a news conference during the two sessions.
Wang also cited that the law will protect the intellectual property rights of foreign investors an
d encourage technology cooperation based on voluntary principles and commercial rules.