In the post-epidemic era, China's foreign trade has entered a "golden window period"

On October 23, solstice and 24, the cross-border supply chain of alibaba international held the "2020 cross-border supply chain ecological summit" in shenzhen. Jiang Qiping, director of the Information Technology Research Center of the Chinese Academy of Social Sciences, Zhang Kuo, general manager of Alibaba International, Wang Tiantian, director of the cross-border supply chain of Alibaba International, as well as partners of cross-border supply chain and ecological service providers, discussed the development of foreign trade after the epidemic.

China's foreign trade bucked the trend with record trade figures

In January-February 2020, the global economy hit the pause button under the impact of the epidemic. "Ninety percent of the orders have disappeared", "many Chinese foreign trade companies are turning to domestic trade", and many media, institutions and industries have pessimistic views on foreign trade.

Zhang Kuo, general manager of Alibaba International, Shared at the Cross-border Supply Chain Ecology Conference, "After the outbreak of the epidemic, there was indeed a period of time when factories could not resume work and logistics capacity was insufficient, which hindered the normal progress of foreign trade. But since April, we have seen a surge in digital foreign trade orders and a spurt in global demand for Chinese supply."

According to statistics released by the General Administration of Customs on Oct 13, the value of China's imports and exports of goods in the first three quarters of this year grew by 0.7 percent compared with the same period last year, significantly better than expected. The total value of exports in September was 1.661.97 trillion yuan, up 8.7% year on year.

Digital economy, reshape global foreign trade pattern

The epidemic has accelerated the development of online digital trade, and the growth rate driven by digital economy is many times higher than the traditional economy. The data on Alibaba's international website proves this point.

In September 2020, the total transaction volume on Alibaba's international platform increased by 133% year on year, the number of orders increased by 128% year on year, and the number of payment buyers increased by 83% year on year. Merchants on Alibaba's international site generally said that the changes in the epidemic have created unprecedented development opportunities for merchants with online capabilities, and the accumulation of online platforms in the past has achieved a "qualitative breakthrough".

Jiang Believes that global trade is moving from an era centered on "capital" to an era centered on "Numbers", which is the most significant difference between traditional and new foreign trade. The last globalization was characterized by the integration of supply chains and industrial chains with multinational companies as the core. However, this era is about to become a history. We can see that the integration of international trade with data supply chains is becoming the trend of the future."

Digital new foreign trade is a new mode of deep combination of goods trade and service trade. Zhang Kuo believes that there is no turning back in the transformation from traditional foreign trade to new foreign trade. "Once we get on this highway, the future will only get faster and faster," he says.

Digital transaction performance operating system, one-stop solution to cross-border problems

Help the challenges of the global response to the outbreak of small and medium-sized enterprises, alibaba international standing cross-border supply chain director wang tian days further share, alibaba international standing cross-border supply chain improve on payment and settlement, logistics, customs affairs for three big support, combined with fiscal and financial services, make cross-border trade service closed loop system, with the aid of platform, the global small and medium-sized enterprises (smes) can be solved "one-stop" cross-border business in all kinds of problems.

Wang tiantian said that Alibaba's international cross-border supply chain will first continuously upgrade the digital transaction performance service system based on "China sells the world", which has been practiced for the past three years, and build the service platform of digital performance infrastructure for all small and medium-sized foreign trade enterprises in China. Secondly, we will build a "global sell global" digital transaction fulfillment system based on The digital transaction fulfillment system of China, and build an operating system of digital transaction fulfillment for the export of small and medium-sized enterprises based on the countries that we can reach and the environment allows.

Exploring digital new trade way, wang tian days call for ecological partners fusion resonance, "throughout our business in the ecological design concept, alibaba do is China products, we are middle flow, trading performance middle office, and all of the partners is regionalization and localization service capacity, the depth, temperature, this is 1 + 1 is greater than N."