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November 27, 2020

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Fast growth in software, digital trade

Shanghai’s software and digital trade has shown great potential for development, with imports and exports of computer and information services as well as the digital trade based on software information technology both posting fast growth in the year to date.

The two-day 18th Shanghai Forum on Software, hosted by the city government and organized by the Shanghai Commission of Commerce and the Shanghai Commission of Economy and Informatization, began yesterday.

“Driven by the wide application of software and IT, the digitalization of service trade in Shanghai has quickened its pace, with optimized structure and improved quality,” Zhou Lan, deputy director of the commerce commission, said in his speech at the opening session.

From January to September, overall imports and exports of computer and information services in Shanghai reached US$9.97 billion, up 8.5 percent year on year, while that of digital trade based on software and IT topped US$31.5 billion, a gain of 8.6 percent from a year earlier. Both figures were growing at a faster pace than the average level of the city’s trade in services, the commission said.


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