Development Strategy of International Service Trade Based on Big Data

Abstract

In recent years, the rapid development of China’s international trade in services has brought new impetus to China’s economic growth. However, due to the late development, compared with foreign countries, there is still a lack of core competitiveness. big data(BD) can bring great commercial value, and it is currently applied in various fields. In view of the current situation of China’s international trade in services, this paper puts forward the development strategy research of international service trade(IST) based on BD. This paper makes an in-depth study and analysis of BD technology and its application in China’s international trade in services. It is believed that the current situation in China’s international trade in services is too single, low-end industry, and low share of high-tech. through BD technology, we can further tap the potential value behind the data, so as to improve the 1ST the existing problems in the scientific analysis. This paper investigates the competitiveness of China’s IST. Through the survey, we can see that the T Index of China is - 0.021, and the overall economic competitiveness of enterprises in service export trade is relatively weak. In the current modern service export trade, the overall competitiveness and advantage index of patent, insurance and other fields are relatively low, reaching -0.91, - 0.97, - 0.86. The analysis shows that the reasons behind this situation are complex, but it also indirectly shows that there is still a lot of work to be done to make China’s 1ST bigger and stronger. First of all, we should pay attention to the analysis and application of data, and formulate scientific and effective development strategies through BD analysis and other means.

Big Data Sharing Model and Key Mechanism of International Trade Based on Blockchain

“…Yang et al aimed to study international trade barriers and countermeasures of Chinese medicinal materials based on big data [6]. Li and Lv proposed a research on the development strategy of international trade in services (IST) based on BD [7]. Atyeh et al proposed an Intuitive Fuzzy Goal Programming (IF_GP) algorithm based on goal programming and intuitionistic fuzzy numbers to promote consensus among decision makers, eliminate uncertainty, and better express the planner's opinion [8].…”

Impact of Digital Economy on the High-Quality Development of China’s Service Trade

“…The HDST in China still faces many difficulties. In this regard, Li and Lv [28] pointed out that the service industry was an important basis for promoting ST, and the added value of ST could be improved by optimizing and upgrading the service industry structure. For a long time, America has taken a leading position in the field of ST, especially in technology and knowledge-intensive industries, with strong competitive advantages [23,24].…”

“…The HDST in China still faces many difficulties. In this regard, Li and Lv [28] pointed out that the service industry was an important basis for promoting ST, and the added value of ST could be improved by optimizing and upgrading the service industry structure. At present, the digitalization trend of ST is significant, and digital elements play an important role in promoting the development of ST [5], which can inject new momentum into HDST.…”

Application of economic model optimization algorithm for international trade based on big data technology

“…With the advent of the era of big data, literature [9] analyzed the industrial structure of China's international service trade based on big data, argued that the overall economic competitiveness of China in international service trade is relatively weak at present, and suggested that scientific and effective development strategies should be formulated by using big data analysis. The literature [10] studied the impact of the development of big data on international trade and argued that big data technology has become an important driving force of the global economy, while also prompting traditional trade enterprises to face challenges and opportunities.…”