Discovering the Business Intelligence of Digital Transformation - MEC Group Presents in the 15th Summer Davos

The 15th Annual Meeting of the New Champions 2024 (Summer Davos) sponsored by World Economic Forum (WEF) was held at Dalian International Conference Center (DICC) from June 25th-27th, 2024. Centered around the theme of “New Frontiers for Growth”, participants to the Meeting explored new dynamics and paths of world economic growth. The latest session of Summer Davos attracted over 1,600 global leaders from business, politics, social and academic sectors as well as international organizations from more than 80 countries and regions. Focusing on new modes of economic growth, and with an emphasis on innovation and entrepreneurship, the participants exchange ideas on six hot topics, including a new global economy, China and the world, entrepreneurship in the age of AI, and new frontiers for industry.

Invited by the organizers, Mr. Xu Yanfeng, Vice President of Liaoning MEC Group Co., Ltd. and Chairman of Dalian Export Times E-commerce Co., Ltd. (www.exportimes.com) joined the participants and attended the opening ceremony. During an interview with local media, Mr. Xu shared his experience of transforming the legacy mode of international trade to a digital one, as well as some observations during the Meeting. The interview was hosted and then broadcast by Dalian TV in a special program titled Embracing Summer Davos.

The topics discussed during Summer Davos 2024 went deeper and diversified then previous years. As pointed out by Mr. Mirek Dušek, Executive Director of World Economic Forum, “We need to build real connections with China and understand its priorities in economic growth. The Chinese elements are very important to this year’s Meeting.” The world needs China in terms of equipment manufacturing and digitalized manufacturing.

As a pioneer of digital foreign trade, MEC Group, building on its history of more than 50 years in foreign trade business, made bold reforms to the legacy mode of foreign trade with the help of e-commerce. During the process, an new marketing channel featuring characteristics of the era and MEC Group’s unique advantage i.e. the e-commerce was successfully developed. Mr. Xu had an amicable talk with Mr. Mirek Dušek during the Meeting. The two sides made it clear that, the existing multilateral mechanisms such as the United Nations and other international conferences including Davos should be fully utilized to promote the reform and innovation in digital trade, so as to sharpen new edges of foreign trade and consolidate the sector’s competitiveness in the international market.

During the Meeting, executives from political, business, social and international organizations as well as outstanding entrepreneurs, innovators, experts and scholars shared valuable insights with the audience and proposed practical solutions to the rapidly changing global landscape. Mr. Xu emphasized that as a comprehensive foreign trade service platform based in Liaoning Province, MEC Group was aiming to build a bridge for enterprises to go overseas with the help of local chambers of commerce, introducing equipment made in China to more overseas customers, and providing more information and channels for small and medium-sized enterprises in Liaoning Province to go abroad.

MEC Group also had some in-depth exchanges with principals in charge of the chambers of commerce from the United Kingdom, Pakistan, Bolivia and other countries on such topics as trade policies, rules and market development. Discussions like these would lay a solid foundation for the growth of business in the second half of 2024.

Mirek DušekMr. Xu & Mr. Mirek Dušek, Executive Director, WEF

Azhar Nawaz Mr. Xu & Mr. Azhar Nawaz, CIO, Engro

Mr. Xu & CEO of a renown water technology company from Bolivia

Over the past decade, a new mode of foreign trade, represented by cross-border e-commerce, has injected great power into global trade. With the rise of a younger generation of overseas buyers and the changes in the behaviors of overseas business buyers, the trend of digital procurement through online platforms is now unstoppable. The market for digitalized B2B foreign trade will be a huge blue ocean that deserves the attention of more Chinese companies. “Demand and orders from foreign customers remain strong in the face of the uncertainties in international trade”, said Mr. Xu, “they want Chinese suppliers to keep improving our core technologies, while at the same time they want us to build a good reputation and a wide-spread after-sales network in their regions. In such a situation, the key to further growth is no doubt the improvement of product quality and brand competitiveness.”