2023-09-05 05:58:45
TIANJIN, Sept. 5 (Xinhua) Before going to sleep, Kashan Khan, a Pakistani doctoral student at Tianjin University in north China’s Tianjin Municipality, asked a shopping app on his mobile phone to cook vegetables and meat, which he would take the next day on his way to the student dormitory following class. .
“Online shopping in China is really convenient, as I don’t have time to go to malls or markets. I can buy everything I need online, even flowers for my girlfriend,” said Khan, who was busy with scientific research, adding that online shopping helps. saving him a lot of time.
China’s digital trade has boomed in recent years, with data released by the China Academy of Information and Communications Technology revealing that the scale of China’s digital economy has grown to 4.1 trillion US dollars, with an average compound annual growth rate of 14.2 percent from 2016 to 2022.
Khan said, “I have lived in China for seven years, during which I witnessed the rapid development of e-commerce, mobile payment, and artificial intelligence in China. I really hope that Pakistan can develop a digital economy like China and that people in my hometown can benefit from this model.” the economist”.
Indeed, Khan’s wish has come true, as profits from burgeoning digital trade in China have opened up an array of business opportunities and created new hope in countries along the Belt and Road Initiative.
In order to keep up with the trends of digital transformation, the “Digital Silk Road” mechanism was launched, as the technological dimension of the “Belt and Road” initiative extends from the ocean floor to outer space, which supports the implementation of artificial intelligence applications, big data and other strategic Internet solutions.
As of November 2022, China has established the Silk Road digital cooperation mechanism with 16 countries, and strengthened the bilateral e-commerce cooperation mechanism along the Silk Road with 26 countries, including Pakistan.
Within this context; Samoyed Cloud Technology, a Chinese science and technology enterprise focusing on artificial intelligence, big data, mobile Internet and cloud computing, capitalized on the huge potential of Pakistan’s digital economy market, and launched the e-commerce platform “EZTRADER” to provide digital trade services to merchants. Local retailers who import Chinese products.
And regarding that; “Chinese products are very popular in Pakistan,” said Lin Jianming, Chairman and CEO of the company. “YZTrader has attracted more than 3,000 local retailers since its launch in May this year, completely exceeding our expectations.”
The promising prospects of the YZTrader platform prompted Mohammed Rizwan, a 35-year-old mobile accessories retailer in Rawalpindi, Pakistan, to settle in following its launch.
“E-commerce platforms provide a centralized space that enables companies to communicate, negotiate and conduct transactions directly. We do not need to search for potential partners or customers individually, but rather we can do trade directly with manufacturers or suppliers in China without intermediaries. This can reduce costs greatly.”
In a related context; Alibaba.com, an online marketplace for global B2B wholesalers of China’s Alibaba Group, has launched foreign trade business in many countries along the “Belt and Road” initiative. Pakistan topped the platform in terms of the number of wholesalers abroad, with an annual growth rate of more than 64 percent in the number of Pakistani wholesalers during the outbreak of the COVID-19 pandemic.
Due to lack of capital and sales channels, the business of the Pakistani couple, Aziz-ur-Rehman and Sadia Aziz, faltered in the first two years following they established their own children’s clothing brand with their savings of 1.5 million rupees (regarding 18,000 USD) in 2018.
In 2020, Alibaba.com provided them with complete online business solutions and online courses, enabling them to connect their company with global clients through the platform and turn their losses into profits.
“So far, our company’s business revenue has been more than 3 million rupees and has grown at the rate of 1 million rupees annually. China has provided us with a lot of opportunities in the digital economy. We believe that Pakistan’s digital economy will be promising in the future,” said Aziz Rahman. /ts/
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