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China’s Success and Challenges of Digitalization in Foreign Trade

Author

Listed:
  • Yuri Anatolievich SAVINOV

    (Russian Foreign Trade Academy, Moscow, Russia)

  • Galina Aleksandrovna ORLOVA

    (Russian Foreign Trade Academy, Moscow, Russia)

  • Anna Vasilyevna SKUROVA

    (MGIMO-University, Moscow, Russia)

  • Evgenija Vadimovna TARANOVSKAJA

    (Russian Foreign Trade Academy, Moscow, Russia)

Abstract

In the article, the authors consider the key areas of China’s digital transformation, focusing on the development of foreign trade in digital goods. Among the main issues that may limit the country’s exports of its digital products to international markets, the latest measures of the US administration to restrict the supply of the most advanced microelectronic circuits and equipment for their production to China are analyzed. These restrictions, representing a shift away from the US commitment to free trade, could seriously disrupt the global value chains of the multinational companies acquiring Chinese microelectronic circuits and equipment to use in their production processes in China and other countries.

Suggested Citation

  • Yuri Anatolievich SAVINOV & Galina Aleksandrovna ORLOVA & Anna Vasilyevna SKUROVA & Evgenija Vadimovna TARANOVSKAJA, 2022. "China’s Success and Challenges of Digitalization in Foreign Trade," Russian Foreign Economic Journal, Russian Foreign Trade Academy Ministry of economic development of the Russian Federation, issue 12, pages 68-79, December.
    • Handle: RePEc:alq:rufejo:rfej_2022_12_68-79
    DOI: 10.24412/2072-8042-2022-12-68-79
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