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Brian Householder, CEO of data specialist vendor Hitachi Vantara, a wholly owned subsidiary of Hitachi, said he saw the big potential in the Chinese market amid sluggish global growth. "The downward pressure is increasing, and we all see the difficult market circumstances not just in China but globally."
Buoyant growth in the Philippines and Vietnam over the past decade has also been a significant contributor to the overall expansion in ASEAN's GDP.
Buoyed by the government's supportive policies, China's digital trade is growing rapidly. According to Wang, the volume of China's import and export digital trade surged 6.7 percent to 3.6 billion in 2019, accounting for 26 percent of the country's total import and export service trade volume.
Brazil was one major beneficiary of a cross-border logistics initiative by AliExpress and sister company Cainiao－a smart logistics network also under the Alibaba umbrella. Joint chartered flights by the pair ensured four direct flights from China to Brazil, halving the average delivery time from two months, with three quarters of all parcels reaching their destinations within 30 days.
Building on efforts in the first five months of this year, including reserve requirement ratio (RRR) cuts and issuing re-lending and re-discount loans that had lowered overall financing costs for companies, China will encourage the financial sector to extend greater support to companies of all types.
来源：资阳报