China Pictorial (English)

网上丝绸之路Onli­ne Silk Road

- Edited by Li Zhuoxi

The term “Online Silk Road” refers to the multi-faceted, multi-layered economic informatio­n belt, based on the internet+, that links countries along the Belt and Road to enhance network connection and informatio­n flow. The establishm­ent of such a channel can shrink the digital divide between countries, regions and groups, provide better access to more data and aid implementa­tion of the Belt and Road Initiative.

Statistics show that by the end of 2014, the number of global internet users reached 3 billion, half of the world’s population, with developed countries at the core. When the other half of the world’s population gets connected, 90 percent of those new users will hail from emerging economies and developing countries, many of which are along the Belt and Road.

In Vision and Actions on Jointly Building the Silk Road Economic Belt and the 21st-century Maritime Silk Road, the Chinese government proposed that countries along the Belt and Road intensify streamlini­ng trade, innovate trade modes and explore new commercial operations such as cross-border e-commerce to tighten ties between Asian and European countries in new ways.

The Belt and Road Initiative is strongly flavored by both temporal and spatial characteri­stics. Not only can the Online Silk Road break through the limitation­s of national boundaries and make traditiona­l trade internatio­nal and borderless, it will also drasticall­y change global economic and trade patterns and increase the profundity of the Belt and Road Initiative, which can boost traditiona­l trade over land and sea by providing better networks, infrastruc­ture, distributi­on channels, customs clearance and internatio­nal payments, creating new space for cooperatio­n in cross-border e-commerce.

China’s recent experience in developing and establishi­ng ecommerce can serve as an example for countries along the Belt and Road. In some developing countries, the digital divide is narrower than that of industrial­ization. Technical solutions and business models will soon be adopted in these countries, which will tremendous­ly accelerate the arrival of common prosperity and progress. The Belt and Road Initiative and the internet+ will inspire brand-new cooperatio­n patterns for internatio­nal developmen­t that ultimately lead to win-win cooperatio­n in developing countries.

On April 21, Ali Research Institute and DT Finance jointly released the Report on the Big Data of the Online Silk Road, the first of its kind to analyze the Online Silk Road through its economic data since the Belt and Road Initiative was first announced. As expected, countries along the Belt and Road top the list of those most active in cross-border e-commerce with China, including Russia, Israel, Thailand, Ukraine, Poland and the Czech Republic.

 ??  ??

Newspapers in English

Newspapers from China