Digital Trade Gains Momentum.

The Digital China Development Report (2022) released by the Cyberspace Administration of China showed China's digital economy was valued at 50.2 trillion yuan ($6.86 trillion) in 2022, a nominal increase of 10.3 percent year on year and accounting for 41. 5 percent of its GDP. During the Group of 20 Rome Summit in October 2021, China applied to join the Digital Economy Partnership Agreement, a new type of trade partnership agreement signed in June 2020 by Chile, New Zealand and Singapore. The agreement seeks to bolster digital trade by regulating issues related to the digital economy, including digital inclusion, data flows and protection, and artificial intelligence (AI). [Extracted from the article]