B[The 5th Global Digital Trade Fair concluded today with more than 50,000 professional merchants attending the fair for purchasing] On September 27, the 5th Global Digital Trade Fair concluded in Hangzhou, Zhejiang. This digital trade fair attracted more than 50,000 professional merchants to purchase at the fair, an increase of more than 20% compared with the previous session. This digital trade fair released major achievements such as the "China Digital Trade Development Report 2026"; there were 226 first-ever exhibitions, covering digital health, digital travel and other fields. Data show that this year’s digital trade fair attracted 51,000 professional purchasers, conducted more than 50 special trade matching activities, and signed an intention to sign cooperation related to the digital economy between China and Arab states worth US$255 million. B[Ministry of Commerce: Chinese residents’ digital consumption reached 13.3 trillion yuan in the first half of the year, a year-on-year increase of 4.1%] On September 7, the State Council Information Office held a press conference to introduce the fifth Global Digital Trade Expo. Wang Pengfei, head of the Department of E-commerce and Information Technology of the Ministry of Commerce, introduced the results of the "Guiding Opinions on Vigorously Developing Digital Consumption to Create a Better Life in the Digital Era" in the past year since it was issued. According to estimates from the Ministry of Commerce, in the first half of 2026, the scale of digital consumption by Chinese residents reached 13.3 trillion yuan, a year-on-year increase of 4.1%. Many new generation digital products, such as smart walking exoskeletons and consumer-grade 3D printers, are favored by consumers. Digital services such as online micro-series and virtual reality parks increased by 7.0%, and individual payments for large models increased significantly. Digital consumption continued to play a driving role in China's consumption of goods and services in the first half of the year.
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