At the trade digitalization forum held during the Canton Fair, XTransfer Vice President Wang Dongmei shared the company's experience in safeguarding cross-border funds with AI risk control, including the launch of TradePilot, the world's first AI model for B2B cross-border trade payments, with over 100 AI agents embedded in the review process. The platform's automated review rate has reached 98.5%, and the fraud rate is about 0.003%.
At a State Council Information Office press conference on Sept. 18, Zhang Li, assistant minister of commerce, said China's AI large models have surpassed 10 billion cumulative downloads globally, making new technology more accessible and affordable for more countries, especially developing nations. Yang Tao, director general of the Department of Foreign Trade, said China's foreign trade maintained sound growth in the first eight months of 2026, with the AI application rate in cross-border e-commerce exceeding 60%.