The Role of Digital Transformation in High-Quality Development of the Services Trade

Lei Zhou, Qing Xia, Huaping Sun (), Ling Zhang and Xu Jin
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Lei Zhou: College of Economic and Social Welfare, Zhejiang Shuren University, Hangzhou 310015, China
Qing Xia: College of Economic and Social Welfare, Zhejiang Shuren University, Hangzhou 310015, China
Huaping Sun: Institute of Common Prosperity, Jiangsu University, Zhenjiang 212013, China
Ling Zhang: College of Urban Economics and Public Administration, Capital University of Economics and Business, Beijing 100070, China
Xu Jin: Department of Global Business, Konkuk University, Seoul 05029, Republic of Korea

Sustainability, 2023, vol. 15, issue 5, 1-16

Abstract: China’s economy began as one of high-speed development and has since advanced into a period of high-quality enhancement as driven by the services trade. Data elements are important for promoting services trade. In this paper, we present a literature review of the digital services trade and its development, as well as the main mechanisms of the data factors influencing the services trade. Second, by adopting methods for the combination of qualitative research with quantitative research, we summarize the main advantages of China’s high-quality services trade and identify the key data elements involved. We find data elements play a key role in China’s services trade development. Third, we analyze the main path of data affecting services trade development at the micro level. We then examine the specific case of the Meorient digital innovation service through a case analysis method. From this analysis, we conclude that digital internal and external dual wheels drive enterprise development and that the digital platform unlocks a new business model for the exhibition of science and technology investment to build a digital ecological symbiotic group. These findings provide a reference for the digital transformation of other service trade enterprises. Finally, we propose a means by which to strengthen digital infrastructure by consolidating the industrial foundation of the services trade and by improving the tradability of service products, domestic digital supervision, and the governance system.

Keywords: development mechanism; digital transformation; high-quality development; services trade (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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