Research the Impact of E-commerce on China's Economy

Research Article
Open access

Research the Impact of E-commerce on China's Economy

Zhiyi Li 1* , Wenzhao Zhou 2
  • 1 Capital University of Economics and Business    
  • 2 Simon Fraser University    
  • *corresponding author 18801055998@139.com
Published on 10 November 2023 | https://doi.org/10.54254/2754-1169/37/20231851
AEMPS Vol.37
ISSN (Print): 2754-1177
ISSN (Online): 2754-1169
ISBN (Print): 978-1-83558-095-0
ISBN (Online): 978-1-83558-096-7

Abstract

E-commerce has evolved as a generation of technology that provides consumers and industries with the belief to process transactions. While China has gone through a period of pandemic, China's GDP in e-commerce has been growing steadily. In the forecasting model, there is an upward trend in the top five industries in China. And the larger percentage of wholesale and retail industries represents their importance in the future. Therefore, this paper will investigate the impact of e-commerce on China's economy by building two linear regression models. In building the linear regression models to find the relationship, different control variables are selected from various aspects, such as labor force, natural population growth rate, number of employed people and the proportion of enterprises with e-commerce transaction activities, to study their effects on the relationship between e-commerce and China's GDP. Through the research analysis, it is found that e-commerce has a significant positive impact on the Chinese economy, and securing the per capita disposable income of the population helps to promote the development of e-commerce, thus better promoting China's economic development for the better. Finally, this paper gives suggestions from both enterprise and government levels. Enterprises should develop suitable business strategies to meet consumers’ needs better. On the one hand, the government should encourage residents to consume while protecting consumers' rights and interests. On the other hand, the government should encourage enterprises to innovate and make appropriate policies to help them develop better.

Keywords:

e-commerce, economy, PCDI, linear regression model, enterprise

Li,Z.;Zhou,W. (2023). Research the Impact of E-commerce on China's Economy. Advances in Economics, Management and Political Sciences,37,211-218.
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References

[1]. Gibadullin, A. (2022). New Trends and Digital Models of E-commerce in Era of COVID-19: Case Study of Russian and Korean Retail Companies. In Digital and Information Technologies in Economics and Management (Vol. 432). Springer International Publishing AG. https://doi.org/10.1007/978-3-030-97730-6_19

[2]. Zhao, L., & Feng, M. (2017). Study on the transformation and upgrade of e-commerce application in manufacturing industry. MATEC Web of Conferences, 100, 2042. https://doi.org/10.1051/matecconf/20171000204

[3]. Hansen, T. (2005). Consumer adoption of online grocery buying: a discriminant analysis. International Journal of Retail & Distribution Management, 33(2), 101–121. https://doi.org/10.1108/09590550510581449

[4]. Hinz, O., Hann, I.-H., & Spann, M. (2011). Price Discrimination in E-Commerce? An Examination of Dynamic Pricing in Name-Your-Own Price Markets. MIS Quarterly, 35(1), 81–98. https://doi.org/10.2307/23043490

[5]. Odekon, M. A. (Ed.). (2015, October 8). The SAGE Encyclopedia of World Poverty.[5] Li, F., Frederick, S., & Gereffi, G. (2018, June 19). E-Commerce and Industrial Upgrading in the Chinese Apparel Value Chain. Journal of Contemporary Asia, 49(1), 24–53. https://doi.org/10.1080/00472336.2018.1481220

[6]. Li, F., Frederick, S., & Gereffi, G. (2018, June 19). E-Commerce and Industrial Upgrading in the Chinese Apparel Value Chain. Journal of Contemporary Asia, 49(1), 24–53. https://doi.org/10.1080/00472336.2018.1481220

[7]. Hwang, W., Jung, H. S., & Salvendy, G. (2006, January). Internationalisation of e-commerce: a comparison of online shopping preferences among Korean, Turkish and US populations. Behaviour & Information Technology, 25(1), 3–18. https://doi.org/10.1080/01449290512331335636

[8]. Qin, Z., Chang, Y., Li, S., & Li, F. (2014, October 30). E-Commerce Strategy.

[9]. Ling, N. S., & Wong, J. (2000, January 1). China’s Emerging New Economy: Growth of the Internet and Electronic Commerce. https://doi.org/10.1604/9789810244958

[10]. Cui, M., Pan, S. L., Newell, S., & Cui, L. (2017, March). Strategy, Resource Orchestration and E-commerce Enabled Social Innovation in Rural China. The Journal of Strategic Information Systems, 26(1), 3–21. https://doi.org/10.1016/j.jsis.2016.10.001

[11]. Wang, Y., Jing, Z., & Lyu, J. (2022, December 12). Study on Sustainable Development Strategy of Rural E-Commerce in the Northeast of China—A Case Study of 11 Villages, 11 Towns and 4 Counties. Sustainability, 14(24), 16610. https://doi.org/10.3390/su142416610

[12]. Corbitt, B. J., & Thanasankit, T. (2002, March). Acceptance and Leadership--Hegemonies of E-Commerce Policy Perspectives. Prometheus, 20(1), 39–57. https://doi.org/10.1080/08109020110110916

[13]. Wang, Y. C. & Qian, Y. F.. (2023). A study on the spatial and temporal characteristics of e-commerce development level and the influencing factors - Taking the Yangtze River Economic Zone as an example. Research in Business Economics (05), 189-192.

[14]. Li Lin. (2023). The impact of e-commerce on high quality economic development: concurrently, the mediating effect of residents' income and consumption upgrade. Research in Business Economics (06), 14-17.

[15]. Chen Ying. (2023). Study on the long- and short-term dynamic relationship between e-commerce development and urban and rural residents' consumption gap: A case study of western region. Research in Business Economics (01), 186-189.

[16]. Gao Jianqiang, Wu Jingyi, Long Keren, Ji Kaiyuan. An empirical study on the impact of e-commerce on residents' consumption in the digital economy: the case of six central provinces[J]. China Business Journal,2023(06): 51-53. DOI: 10.19699/j.cnki.issn2096-0298.2023.06.051.

[17]. Cui Shujuan. The impact of e-commerce on the UK economy and trade in the information era and development strategies [J]. China Management Informatization,2017,20(09):135-136.

[18]. Jin Zhan. (2016). Study on the relationship between labor force and total GDP based on ECM model. China Collective Economy (09), 61-62.

Cite this article

Li,Z.;Zhou,W. (2023). Research the Impact of E-commerce on China's Economy. Advances in Economics, Management and Political Sciences,37,211-218.

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The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.

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About volume

Volume title: Proceedings of the 7th International Conference on Economic Management and Green Development

ISBN：978-1-83558-095-0(Print) / 978-1-83558-096-7(Online)
Editor：Canh Thien Dang
Conference website: https://www.icemgd.org/
Conference date: 6 August 2023
Series: Advances in Economics, Management and Political Sciences
Volume number: Vol.37
ISSN：2754-1169(Print) / 2754-1177(Online)

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References

[1]. Gibadullin, A. (2022). New Trends and Digital Models of E-commerce in Era of COVID-19: Case Study of Russian and Korean Retail Companies. In Digital and Information Technologies in Economics and Management (Vol. 432). Springer International Publishing AG. https://doi.org/10.1007/978-3-030-97730-6_19

[2]. Zhao, L., & Feng, M. (2017). Study on the transformation and upgrade of e-commerce application in manufacturing industry. MATEC Web of Conferences, 100, 2042. https://doi.org/10.1051/matecconf/20171000204

[3]. Hansen, T. (2005). Consumer adoption of online grocery buying: a discriminant analysis. International Journal of Retail & Distribution Management, 33(2), 101–121. https://doi.org/10.1108/09590550510581449

[4]. Hinz, O., Hann, I.-H., & Spann, M. (2011). Price Discrimination in E-Commerce? An Examination of Dynamic Pricing in Name-Your-Own Price Markets. MIS Quarterly, 35(1), 81–98. https://doi.org/10.2307/23043490

[5]. Odekon, M. A. (Ed.). (2015, October 8). The SAGE Encyclopedia of World Poverty.[5] Li, F., Frederick, S., & Gereffi, G. (2018, June 19). E-Commerce and Industrial Upgrading in the Chinese Apparel Value Chain. Journal of Contemporary Asia, 49(1), 24–53. https://doi.org/10.1080/00472336.2018.1481220

[6]. Li, F., Frederick, S., & Gereffi, G. (2018, June 19). E-Commerce and Industrial Upgrading in the Chinese Apparel Value Chain. Journal of Contemporary Asia, 49(1), 24–53. https://doi.org/10.1080/00472336.2018.1481220

[7]. Hwang, W., Jung, H. S., & Salvendy, G. (2006, January). Internationalisation of e-commerce: a comparison of online shopping preferences among Korean, Turkish and US populations. Behaviour & Information Technology, 25(1), 3–18. https://doi.org/10.1080/01449290512331335636

[8]. Qin, Z., Chang, Y., Li, S., & Li, F. (2014, October 30). E-Commerce Strategy.

[9]. Ling, N. S., & Wong, J. (2000, January 1). China’s Emerging New Economy: Growth of the Internet and Electronic Commerce. https://doi.org/10.1604/9789810244958

[10]. Cui, M., Pan, S. L., Newell, S., & Cui, L. (2017, March). Strategy, Resource Orchestration and E-commerce Enabled Social Innovation in Rural China. The Journal of Strategic Information Systems, 26(1), 3–21. https://doi.org/10.1016/j.jsis.2016.10.001

[11]. Wang, Y., Jing, Z., & Lyu, J. (2022, December 12). Study on Sustainable Development Strategy of Rural E-Commerce in the Northeast of China—A Case Study of 11 Villages, 11 Towns and 4 Counties. Sustainability, 14(24), 16610. https://doi.org/10.3390/su142416610

[12]. Corbitt, B. J., & Thanasankit, T. (2002, March). Acceptance and Leadership--Hegemonies of E-Commerce Policy Perspectives. Prometheus, 20(1), 39–57. https://doi.org/10.1080/08109020110110916

[13]. Wang, Y. C. & Qian, Y. F.. (2023). A study on the spatial and temporal characteristics of e-commerce development level and the influencing factors - Taking the Yangtze River Economic Zone as an example. Research in Business Economics (05), 189-192.

[14]. Li Lin. (2023). The impact of e-commerce on high quality economic development: concurrently, the mediating effect of residents' income and consumption upgrade. Research in Business Economics (06), 14-17.

[15]. Chen Ying. (2023). Study on the long- and short-term dynamic relationship between e-commerce development and urban and rural residents' consumption gap: A case study of western region. Research in Business Economics (01), 186-189.

[16]. Gao Jianqiang, Wu Jingyi, Long Keren, Ji Kaiyuan. An empirical study on the impact of e-commerce on residents' consumption in the digital economy: the case of six central provinces[J]. China Business Journal,2023(06): 51-53. DOI: 10.19699/j.cnki.issn2096-0298.2023.06.051.

[17]. Cui Shujuan. The impact of e-commerce on the UK economy and trade in the information era and development strategies [J]. China Management Informatization,2017,20(09):135-136.

[18]. Jin Zhan. (2016). Study on the relationship between labor force and total GDP based on ECM model. China Collective Economy (09), 61-62.

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