Greater efforts are needed to strengthen international cooperation in digital trade and to collectively formulate international rules related to such business activity, a sector which has injected new impetus into world economic growth, officials and experts said.

China is willing to work with other nations to support the deeper application of cutting-edge technologies, promote the balanced development of digital trade in all fields, and help small and medium-sized enterprises worldwide achieve sustainable development through digital and intelligent transformation, said Zheng Jianbang, vice-chairman of the Standing Committee of the 14th National People's Congress, the country's top legislature.

Zheng made the remarks at the launch ceremony of the third Global Digital Trade Expo, which opened in Hangzhou, Zhejiang province, on Wednesday.

He said China has attached great importance to the development of digital trade, which is regarded as one of the three pillars supporting the development of a strong trading nation, alongside trade in goods and services.

Zheng stressed the need to deepen dialogue and cooperation with other countries in the aspect of governance and to actively take part in the formulation of multilateral, bilateral and regional rules concerning digital trade, so as to create an open, fair, just and nondiscriminatory environment for the development of global digital trade.