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China’s Rising Clout in Global Digital Trade Rules 🌐📊

Hangzhou just hosted a major global dialogue shaping the future of digital trade – and China’s role is taking center stage 🌍. At the 2023 Forum on the Rule of Law in Global Digital Trade, experts highlighted how the country is driving innovation in creating transparent, cross-border frameworks for the digital economy.

Anna Veneziano, deputy secretary-general of UNIDROIT, told CGTN that China’s participation in global legal standardization efforts has become 'increasingly influential.' She praised contributions from the Chinese mainland’s government, academic institutions, and tech leaders in developing rules that balance innovation with accountability 📜.

\"Digital trade isn’t just about transactions – it’s about trust,\" Veneziano emphasized during the forum, which coincided with Hangzhou’s Global Digital Trade Expo.

With China’s e-commerce giants like Alibaba headquartered in Hangzhou, the city has become a living lab for digital trade experiments. The forum’s outcomes could impact everything from AI-driven contracts to cross-border data flows – key issues for young entrepreneurs and startups worldwide 🚀.

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