China promotes digitalization of foreign trade

China is promoting the digitalization of foreign trade by holding its first cross-border e-commerce trade fair in Fuzhou, East China's Fujian province.

The trade fair aims to address the bottlenecks and pain points in cross-border trade due to the COVID-19 pandemic.

The fair consists of four exhibition areas, including cross-border e-commerce comprehensive platform, cross-border e-commerce service providers, cross-border e-commerce suppliers and cross-border e-commerce brand publicity.

About 2,363 companies participated in the fair, covering 33 cross-border e-commerce platforms around the world, People's Daily reported.

Statistics indicate the intended transaction amount reached more than $3.5 billion during the 3 days of the exhibition.