Changjiang News ｜ Nine experts of the Five Kingdoms discuss the key role of RCEP in promoting the digital economy

Recently, the Yangtze River Business School and the global independent think tank ASIA House jointly held an online seminar to jointly focus on the new development pattern, the key role of the Regional Comprehensive Economic Partnership Agreement (RCEP) to promote the Asian digital economy.

Including Tran Quoc Khanh, deputy minister of the Ministry of Industry and Trade, the founding dean of the Changjiang Business School and Xiang Bing, a professor of China Business and Globalization, from China, Vietnam, Indonesia, the Philippines, and Singapore In -depth exchanges on topics such as digital trade, e -commerce, electronic payment.

Tran Quoc Khanh, deputy minister of the Ministry of Industry and Trade, delivered a keynote speech saying that RCEP is currently the world's largest free trade agreement and the most comprehensive free trade agreement signed by ASEAN. The implementation of the commitment to e -commerce will be the conditions for the realization of the digital interconnection in the digital field, the promotion of economic and trade development, and accelerating digital transformation and creative conditions for Asian countries.

Dean Xiang Bing immediately delivered a keynote speech, analyzing the necessity of RCEP from the four aspects from macro to micro, and gradually gradually analyzed the necessity of RCEP and its important role in promoting the Asian digital economy.

Dean Xiang Bing first stated that global free trade and economic integration are one of the core driving forces for the world economy to achieve continuous high -speed growth.

According to data from the International Monetary Fund (IMF), from 1980 to 2021, the total global GDP increased by more than 8 times, from $ 11.24 trillion to US $ 9.63 trillion. The total global trade has increased by more than 10 times in the past 40 years, from US $ 4.14 trillion in 1980 to US $ 44.8 trillion in 2021.

Subsequently, Professor Xiang Bing pointed out that the importance of RCEP is self -evident as the world's largest free trade agreement.

From the perspective of specific data, as of the end of 2021, 15 RCEP member states accounted for about 29.7%of the global population, 30.57%of global GDP, and 28.74%of the total global trade. Professor Xiang Bing said that the RCEP initiated by ASEAN also symbolizes Asia's efforts and contributions to promote regional free trade, deep economic integration, and jointly promoting globalization.

Market economy, free trade and global economic integration are essential to promote global economic prosperity and harmony. Therefore, we must firmly defend and promote globalization, and China has always played a key role in this area.

Next, Professor Xiang Bing analyzed from three aspects that China plays an indispensable role in the development of global economic and trade.

First of all, China can be said to be a key contributor to global economic growth and stability. According to statistics from IMF and World Bank, China's total GDP accounted for more than 18%in 2021; from 2008 to 2021, China contributed 30%of global economic growth.

Secondly, "Made in China" plays a vital role in providing global daily necessities and even resisting global inflation. From the perspective of commodity exports, according to the UNCTAD data, China's international market share in 2021 reached 15.1%.

Third, China's important trading partners (such as South Korea, Japan, ASEAN and Australia) have shown a good economic development trend in the past.

Finally, Dean Xiang Bing said that the Yangtze River Business School is also continuing to contribute to digital transformation of China, RCEP and even the world.

Three professors in the Yangtze River have been hired as chief strategic officers by top companies in China.

In 2006, Dr. Zeng Ming, a professor of strategic studies served as the chief strategic officer of Alibaba Group; in 2014, Dr. Chen Long, a professor of finance, served as the chief strategic officer of Ant Financial Group; in 2017, Dr. Liao Jianwen, a professor of strategic innovation and entrepreneurial professor joined the Jingdong Group as serving as serving as serving as serving as as a Chief Strategic Officer.

In addition, the Yangtze River also has a number of "four -pass professors" that pass the international, domestic, domestic theory, and practice in digital transformation. Promote the global digital transformation process.

During the subsequent dialogue on the theme of digital trade, Li Haitao, a professor of finance professors, an outstanding dean, and the vice president of entrepreneurial and scholars in the Yangtze River Business School, shared his observation of digital trade in RCEP countries to develop digital trade And suggestion.

Professor Li Haitao said that in China, with the vigorous promotion of private enterprises such as Ali and Tencent, mobile payment has become the mainstream. For RCEP countries, the development of digital trade must establish its own mobile payment standards on the one hand, and at the same time, the experience of private enterprises will also provide important reference value.

The cooperation and support agencies of this seminar also include PRASMul-Eli, Malaysia Chamber of Commerce in Malaysia and Indonesian executive training institutions. The important guests participating are: Satvinder Singh, Deputy Secretary-General of the ASEAN Economic Community, and Industrial Development and Trade Policy of the Ministry of Industry and Industry.Assistant Minister Allan Gepty, Zico Law regional management partner Hanim Hamzah, the chief data of the Philippine United Bank and the artificial intelligence officer David Hardoon, DHL Express, vice president of Customs and Regulatory Affairs Raymond Yee Woon Ming, and Dana executive officer Vincent Iswara.From the date of establishment of the Yangtze River Business School, it has continued to work on a platform for the integration of global learning platforms and global resource integration, and continuously tells Chinese stories on the international stage.

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