Click here to close now.

Welcome!

News Feed Item

Innovation to Achieve Greater Efficiency is a Must for China to Accelerate Expansion to Mid- and High- Value Products and Increase Its Competitiveness Signified Through MOU between China’s Top 500 Foreign Trade Enterprises Club and GCEL

China’s Top 500 Foreign Trade Enterprises Club (SSFERTC of the Ministry of Commerce) executed an MOU with The Global Coalition for Efficient Logistics – GCEL (Swiss based Non-profit Public-Private Partnership) to conduct a national Trade Efficiency Assessment of China’s trade practices. This is the first step to deploy the Digital Economy projected to reduce China’s trade costs by USD148.6 billion, increase its trade by more than USD400 billion and create millions of manufacturing and service industry jobs.

From the Left: Mr. Gregory Bird, Mr. Zhao Yan, Dr. Surin Pitsuwan, Captain Samuel Salloum, Tan Sri A ...

From the Left: Mr. Gregory Bird, Mr. Zhao Yan, Dr. Surin Pitsuwan, Captain Samuel Salloum, Tan Sri Abdul Rahman Mamat, Mr. Muhammad A. Agha (Photo: Business Wire)

Mr. Zhao Yan, China’s Top 500 Executive Chairman stated: “Our business leaders are continuously supporting innovation. The Digital Economy tools are key to increase trade efficiency within China and between our trade partners globally. What distinguishes this invitation is the potential role that China can play not only as a user of the proposed tools, but also as a deployer. Thus, expanding China’s technology, financial and insurance service industry worldwide coinciding with our national strategy. The first step is to conduct Trade Efficiency Assessment to achieve two main objectives. One, to assess how much trade participants in China are presently maximizing on what technology can make possible. Two, to present how the Digital Economy can prepare China for the 21st Century Trade Efficiency Era. We must hear from the trade participants working on the ground.

China’s Top 500 Foreign Trade Enterprises Club includes China’s largest corporations generating more than 40% of China’s foreign trade.

Dr. Surin Pitsuwan, GCEL Asia Advisory Board Chairman, 2008-2012 ASEAN Secretary-General and 1997-2001 Thailand Foreign Affairs Minister stated: “So far, we’ve executed MOUs with 72% of China’s trade partners to deploy the Digital Economy, 27.7% of which were assessed with their respective government and private sector experts. The results were staggering, 81% of trade participants have no system and 88% want the proposed Digital Economy Platform. To date, 1/3 of the G20 citizens demand the best of what today’s technology can make possible placed at their fingertips at no cost to the end-user. We have also commenced assessments in Turkey and Australia and we look forward to start the process in China.

The MOU will trigger the national assessment in China and represents the foundation for a larger coalition to strive for greater trade efficiency. In this spirit, engagement efforts are ongoing with China Council for Promotion of International Trade (CCPIT), China Association of International Trade, ASEAN-China Center and China-ASEAN Business Advisory Council.

The Digital Economy provides the tools and the roadmap projected to reduce global annual trade costs by USD1.3 trillion, increase trade by USD1.2 trillion, provide a USD6 trillion services market opportunity and create a USD1 trillion SME fund generating 100 million jobs.

Captain Salloum, GCEL Co-Chairman, said: “For the last 15 years, we conducted R&D to create a Global Cell (G-CEL) working together to achieve Human Wealth (HumaWealth) by connecting the strengths of the world communities, creating wellbeing across humanity. Today, GCEL includes more than 150 countries, 26 NGOs/IGOs and the world’s prominent finance, insurance and technology firms servicing more than 60% of the world’s GDP. This Global Cell will deploy the HumaWealth global program that promotes trade efficiency through the Digital Economy Platform harnessing the power of 21st Century technology.

More Stories By Business Wire

Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
Overgrown applications have given way to modular applications, driven by the need to break larger problems into smaller problems. Similarly large monolithic development processes have been forced to be broken into smaller agile development cycles. Looking at trends in software development, microservices architectures meet the same demands. Additional benefits of microservices architectures are compartmentalization and a limited impact of service failure versus a complete software malfunction. ...
"We help to transform an organization and their operations and make them more efficient, more agile, and more nimble to move into the cloud or to move between cloud providers and create an agnostic tool set," noted Jeremy Steinert, DevOps Services Practice Lead at WSM International, in this SYS-CON.tv interview at @DevOpsSummit, held June 9-11, 2015, at the Javits Center in New York City.
The basic integration architecture, as defined by ESBs, hasn’t changed for more than a decade. Most cloud integration providers still rely on an ESB architecture and their proprietary connectors. As a result, enterprise integration projects suffer from constraints of availability and reliability of these connectors that are not re-usable across other integration vendors. However, the rapid adoption of APIs and almost ubiquitous availability of APIs amongst most SaaS and Cloud applications are ra...
Agile, which started in the development organization, has gradually expanded into other areas downstream - namely IT and Operations. Teams – then teams of teams – have streamlined processes, improved feedback loops and driven a much faster pace into IT departments which have had profound effects on the entire organization. In his session at DevOps Summit, Anders Wallgren, Chief Technology Officer of Electric Cloud, will discuss how DevOps and Continuous Delivery have emerged to help connect dev...
"What Dyn is able to do with our Internet performance and our Internet intelligence is give companies visibility into what is actually going on in that cloud," noted Corey Hamilton, Product Marketing Manager at Dyn, in this SYS-CON.tv interview at 16th Cloud Expo, held June 9-11, 2015, at the Javits Center in New York City.
The Internet of Things is not only adding billions of sensors and billions of terabytes to the Internet. It is also forcing a fundamental change in the way we envision Information Technology. For the first time, more data is being created by devices at the edge of the Internet rather than from centralized systems. What does this mean for today's IT professional? In this Power Panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists addressed this very serious issue of pro...
Internet of Things is moving from being a hype to a reality. Experts estimate that internet connected cars will grow to 152 million, while over 100 million internet connected wireless light bulbs and lamps will be operational by 2020. These and many other intriguing statistics highlight the importance of Internet powered devices and how market penetration is going to multiply many times over in the next few years.
Manufacturing has widely adopted standardized and automated processes to create designs, build them, and maintain them through their life cycle. However, many modern manufacturing systems go beyond mechanized workflows to introduce empowered workers, flexible collaboration, and rapid iteration. Such behaviors also characterize open source software development and are at the heart of DevOps culture, processes, and tooling.
Today air travel is a minefield of delays, hassles and customer disappointment. Airlines struggle to revitalize the experience. GE and M2Mi will demonstrate practical examples of how IoT solutions are helping airlines bring back personalization, reduce trip time and improve reliability. In their session at @ThingsExpo, Shyam Varan Nath, Principal Architect with GE, and Dr. Sarah Cooper, M2Mi’s VP Business Development and Engineering, will explore the IoT cloud-based platform technologies drivi...
Containers have changed the mind of IT in DevOps. They enable developers to work with dev, test, stage and production environments identically. Containers provide the right abstraction for microservices and many cloud platforms have integrated them into deployment pipelines. DevOps and Containers together help companies to achieve their business goals faster and more effectively. In his session at DevOps Summit, Ruslan Synytsky, CEO and Co-founder of Jelastic, reviewed the current landscape of...
Live Webinar with 451 Research Analyst Peter Christy. Join us on Wednesday July 22, 2015, at 10 am PT / 1 pm ET In a world where users are on the Internet and the applications are in the cloud, how do you maintain your historic SLA with your users? Peter Christy, Research Director, Networks at 451 Research, will discuss this new network paradigm, one in which there is no LAN and no WAN, and discuss what users and network administrators gain and give up when migrating to the agile world of clo...
SYS-CON Events announced today that JFrog, maker of Artifactory, the popular Binary Repository Manager, will exhibit at SYS-CON's @DevOpsSummit Silicon Valley, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Based in California, Israel and France, founded by longtime field-experts, JFrog, creator of Artifactory and Bintray, has provided the market with the first Binary Repository solution and a software distribution social platform.
"We got started as search consultants. On the services side of the business we have help organizations save time and save money when they hit issues that everyone more or less hits when their data grows," noted Otis Gospodnetić, Founder of Sematext, in this SYS-CON.tv interview at @DevOpsSummit, held June 9-11, 2015, at the Javits Center in New York City.
Internet of Things (IoT) will be a hybrid ecosystem of diverse devices and sensors collaborating with operational and enterprise systems to create the next big application. In their session at @ThingsExpo, Bramh Gupta, founder and CEO of robomq.io, and Fred Yatzeck, principal architect leading product development at robomq.io, discussed how choosing the right middleware and integration strategy from the get-go will enable IoT solution developers to adapt and grow with the industry, while at th...
Containers are revolutionizing the way we deploy and maintain our infrastructures, but monitoring and troubleshooting in a containerized environment can still be painful and impractical. Understanding even basic resource usage is difficult – let alone tracking network connections or malicious activity. In his session at DevOps Summit, Gianluca Borello, Sr. Software Engineer at Sysdig, will cover the current state of the art for container monitoring and visibility, including pros / cons and liv...