Research on the Current Situation and Impact of China's "Digital Economy"

Research Article
Open access

Research on the Current Situation and Impact of China's "Digital Economy"

Jingyue Liu 1*
  • 1 Ulink college of Shanghai    
  • *corresponding author Jingyue.liu@ulink.cn
Published on 13 September 2023 | https://doi.org/10.54254/2754-1169/20/20230216
AEMPS Vol.20
ISSN (Print): 2754-1177
ISSN (Online): 2754-1169
ISBN (Print): 978-1-915371-83-6
ISBN (Online): 978-1-915371-84-3

Abstract

Over the last two decades, China, the world's second-largest economy, has flourished and boomed in its digital economy. China's digital industry is currently a world leader in the value of numerous digital applications, technologies, and integrated new ecosystems, especially the communications industry, e-commerce, automobile manufacturing, and mobile payment. It is second only to the United States. Since this rapid development has had a profound impact on various industries and even the world, the paper will analyze the phenomenon of the "digital economy" in China and its impact on the global economy by reading literature and online materials. It can be concluded that 5G technology is the foundation of China's digital economy, e-commerce and electronic payment are flourishing in the Chinese market, and the Chinese government has also carried out timely supervision. Similarly, the digital economy has also brought different impacts including development in industries, innovate in technology, and other negative impacts like monopoly, data leakage and larger gap between rich and poor.

Keywords:

digital economy, 5G technology, impact on the global economy, development

Liu,J. (2023). Research on the Current Situation and Impact of China's "Digital Economy". Advances in Economics, Management and Political Sciences,20,332-337.
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References

[1]. McKinsey Global Institute 2017 “Digital China powering the economy to global competitiveness”. https://www.mckinsey.com/featured-insights/china/digital-china-powering-the-economy-to-global-competitiveness

[2]. Pei Changhong, Ni Jiangfei, Li Yue. Political Economics Analysis of Digital Economy. Finance and Trade Economics, 2018, 39(09): 5-22. DOI: 10.19795/j.cnki.cn11-1166/f.2018.09 .001.

[3]. Xie Ping, Liu Haier. ICT, Mobile Payment and Electronic Money. Financial Research, 2013, No.400(10):1-14.

[4]. Jing Wenjun, Sun Baowen. Digital economy promotes high-quality economic development: a theoretical analysis framework. Economist, 2019, No.242(02): 66-73. DOI: 10.16158/j.cnki.51- 1312/f.2019.02.008.

[5]. Musk's return to the world's richest man is still four days away, 2023. https://www.jiemian.com/article/8885994.html

[6]. Apple's market value soared by trillion yuan overnight, the largest increase in the market value of the United States in a single day, 2022. https://3g.163.com/dy/article/HLT6K0QA0552XG61.html

[7]. Jin Yuanpu. Investigation and analysis report on personal privacy data leakage in the era of big data. Journal of Tsinghua University (Philosophy and Social Sciences), 2021, 36(01): 191-201+206. DOI: 10.13613/j. cnki.qhdz.003016.

Cite this article

Liu,J. (2023). Research on the Current Situation and Impact of China's "Digital Economy". Advances in Economics, Management and Political Sciences,20,332-337.

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About volume

Volume title: Proceedings of the 2023 International Conference on Management Research and Economic Development

ISBN：978-1-915371-83-6(Print) / 978-1-915371-84-3(Online)
Editor：Canh Thien Dang, Javier Cifuentes-Faura
Conference website: https://2023.icmred.org/
Conference date: 28 April 2023
Series: Advances in Economics, Management and Political Sciences
Volume number: Vol.20
ISSN：2754-1169(Print) / 2754-1177(Online)

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References

[1]. McKinsey Global Institute 2017 “Digital China powering the economy to global competitiveness”. https://www.mckinsey.com/featured-insights/china/digital-china-powering-the-economy-to-global-competitiveness

[2]. Pei Changhong, Ni Jiangfei, Li Yue. Political Economics Analysis of Digital Economy. Finance and Trade Economics, 2018, 39(09): 5-22. DOI: 10.19795/j.cnki.cn11-1166/f.2018.09 .001.

[3]. Xie Ping, Liu Haier. ICT, Mobile Payment and Electronic Money. Financial Research, 2013, No.400(10):1-14.

[4]. Jing Wenjun, Sun Baowen. Digital economy promotes high-quality economic development: a theoretical analysis framework. Economist, 2019, No.242(02): 66-73. DOI: 10.16158/j.cnki.51- 1312/f.2019.02.008.

[5]. Musk's return to the world's richest man is still four days away, 2023. https://www.jiemian.com/article/8885994.html

[6]. Apple's market value soared by trillion yuan overnight, the largest increase in the market value of the United States in a single day, 2022. https://3g.163.com/dy/article/HLT6K0QA0552XG61.html

[7]. Jin Yuanpu. Investigation and analysis report on personal privacy data leakage in the era of big data. Journal of Tsinghua University (Philosophy and Social Sciences), 2021, 36(01): 191-201+206. DOI: 10.13613/j. cnki.qhdz.003016.

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