![]() ![]() Taobao and Amazon are their most frequently used online shopping platforms, while WeChat Pay, Alipay, and Apple Pay are their top picks for mobile payment methods. These e-commerce savvy fellows also have had surprisingly high exposure to top Chinese e-commerce platforms and digital payment services. Cross-border e-commerce imports and exports also increased, up 4.9 percent and 11.7 percent year-on-year, respectively. E-commerce grew in 2022 with online retail sales reaching 13.79 trillion yuan, up 4 percent year-on-year. In 2022, the size of China's digital economy ranked second in the world, accounting for 41.5 percent of the country's GDP. Jibran Ali Khan, CEO of JAK Education and Innovation Consultancy and Media Brick from Pakistan, said that having 52.1 percent senior citizen buying online is a great success, adding he hopes that Pakistan, too, will be able to achieve this. And Brazilian consumers used to wait up to three months to receive their goods, but now that time is expected to be reduced to less than a month. Filipe told me that the potential of the Brazilian market led Alibaba to open a physical office in Brazil and increase international shipping routes to reduce waiting times. One of the participants, Filipe Porto, a researcher, and international relations scholar at the Federal University of ABC in Brazil, was quite keen on e-commerce development. What's more, the survey also shows 83 percent of participants believe that the e-commerce best represents the development of China's digital economy, with short video and 5G tied second with 43 percent of the votes. ![]() This was the first time I realized that China's digital economy development has become a key brand image internationally, especially among the younger generations of the world. When asked about the items that represent their vision of China, a surprisingly high number of them named QR code payment (49 percent) and e-commerce (38 percent) as their top picks, along with the Great Wall (over 60 percent) and high-speed trains (40 percent). A staggering 80 percent of them held either a master's or doctoral degree, and the majority were born after 1990. The 16 fellows, from 14 different countries including China, the United States, the United Kingdom, Spain, Brazil, South Africa, and Pakistan, were selected to participate in the forum in person through a rigorous application and selection process by the event coordinators. My first big surprise was when I helped conduct a survey of my foreign fellows, most of whom are well-educated young professionals, on their key impressions of today's China. Through their amazement and excitement, as well as their concerns and worries, I came to realize how significant China's digital economic achievement has been, and how it could potentially impact the lives of millions of young people around the world. Throughout the journey, my biggest impression was that many things I have thought of as commonplace in my everyday life are quite fresh and unexpected in the eyes of young friends from around the world. ![]() Co-hosted by China International Communications Group and Tencent, the event focused on China's booming digital economy, inviting young international delegates to workshops at top companies such as Tencent, Honor, and Ping An in Shenzhen and experience various digital economic products in China. In late June, I had the opportunity to participate in a digital economy forum held in Shenzhen and Beijing, together with dozens of young peers from all over the world. However, a recent experience has cast new light on my digital lifestyle and generated deeper thinking on its meaning and implications on a much broader, international scale. As a young Chinese person having worked at some of the country's largest technology companies and now studying in Hong Kong, I have for years taken for granted the many perks and conveniences of China's digital economy. ![]()
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