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
Predictive analytics tools monitor, report, and troubleshoot in order to make proactive decisions about the health, performance, and utilization of storage. Most enterprises combine cloud and on-premise storage, resulting in blended environments of physical, virtual, cloud, and other platforms, which justifies more sophisticated storage analytics. In his session at 18th Cloud Expo, Peter McCallum, Vice President of Datacenter Solutions at FalconStor, discussed using predictive analytics to mon...
Today we can collect lots and lots of performance data. We build beautiful dashboards and even have fancy query languages to access and transform the data. Still performance data is a secret language only a couple of people understand. The more business becomes digital the more stakeholders are interested in this data including how it relates to business. Some of these people have never used a monitoring tool before. They have a question on their mind like “How is my application doing” but no id...
@GonzalezCarmen has been ranked the Number One Influencer and @ThingsExpo has been named the Number One Brand in the “M2M 2016: Top 100 Influencers and Brands” by Onalytica. Onalytica analyzed tweets over the last 6 months mentioning the keywords M2M OR “Machine to Machine.” They then identified the top 100 most influential brands and individuals leading the discussion on Twitter.
"We are an all-flash array storage provider but our focus has been on VM-aware storage specifically for virtualized applications," stated Dhiraj Sehgal of Tintri in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
As data explodes in quantity, importance and from new sources, the need for managing and protecting data residing across physical, virtual, and cloud environments grow with it. Managing data includes protecting it, indexing and classifying it for true, long-term management, compliance and E-Discovery. Commvault can ensure this with a single pane of glass solution – whether in a private cloud, a Service Provider delivered public cloud or a hybrid cloud environment – across the heterogeneous enter...
In IT, we sometimes coin terms for things before we know exactly what they are and how they’ll be used. The resulting terms may capture a common set of aspirations and goals – as “cloud” did broadly for on-demand, self-service, and flexible computing. But such a term can also lump together diverse and even competing practices, technologies, and priorities to the point where important distinctions are glossed over and lost.
All clouds are not equal. To succeed in a DevOps context, organizations should plan to develop/deploy apps across a choice of on-premise and public clouds simultaneously depending on the business needs. This is where the concept of the Lean Cloud comes in - resting on the idea that you often need to relocate your app modules over their life cycles for both innovation and operational efficiency in the cloud. In his session at @DevOpsSummit at19th Cloud Expo, Valentin (Val) Bercovici, CTO of Soli...
"We're a cybersecurity firm that specializes in engineering security solutions both at the software and hardware level. Security cannot be an after-the-fact afterthought, which is what it's become," stated Richard Blech, Chief Executive Officer at Secure Channels, in this SYS-CON.tv interview at @ThingsExpo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
"IoT is going to be a huge industry with a lot of value for end users, for industries, for consumers, for manufacturers. How can we use cloud to effectively manage IoT applications," stated Ian Khan, Innovation & Marketing Manager at Solgeniakhela, in this SYS-CON.tv interview at @ThingsExpo, held November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA.
Information technology is an industry that has always experienced change, and the dramatic change sweeping across the industry today could not be truthfully described as the first time we've seen such widespread change impacting customer investments. However, the rate of the change, and the potential outcomes from today's digital transformation has the distinct potential to separate the industry into two camps: Organizations that see the change coming, embrace it, and successful leverage it; and...
Join Impiger for their featured webinar: ‘Cloud Computing: A Roadmap to Modern Software Delivery’ on November 10, 2016, at 12:00 pm CST. Very few companies have not experienced some impact to their IT delivery due to the evolution of cloud computing. This webinar is not about deciding whether you should entertain moving some or all of your IT to the cloud, but rather, a detailed look under the hood to help IT professionals understand how cloud adoption has evolved and what trends will impact th...
Data is the fuel that drives the machine learning algorithmic engines and ultimately provides the business value. In his session at Cloud Expo, Ed Featherston, a director and senior enterprise architect at Collaborative Consulting, discussed the key considerations around quality, volume, timeliness, and pedigree that must be dealt with in order to properly fuel that engine.
We are always online. We access our data, our finances, work, and various services on the Internet. But we live in a congested world of information in which the roads were built two decades ago. The quest for better, faster Internet routing has been around for a decade, but nobody solved this problem. We’ve seen band-aid approaches like CDNs that attack a niche's slice of static content part of the Internet, but that’s it. It does not address the dynamic services-based Internet of today. It does...
Internet of @ThingsExpo, taking place June 6-8, 2017 at the Javits Center in New York City, New York, is co-located with the 20th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. @ThingsExpo New York Call for Papers is now open.
What happens when the different parts of a vehicle become smarter than the vehicle itself? As we move toward the era of smart everything, hundreds of entities in a vehicle that communicate with each other, the vehicle and external systems create a need for identity orchestration so that all entities work as a conglomerate. Much like an orchestra without a conductor, without the ability to secure, control, and connect the link between a vehicle’s head unit, devices, and systems and to manage the ...