Analysis of the Influence Factors of E-Commerce on China's Economic Growth

Abstract

In recent decades, China has witnessed tremendous growth in the field of e-commerce, also known as electronic commerce. This paper aims to analyze the impact of e-commerce on China’s economic growth through empirical analysis. By applying the Ordinary Least Squares (OLS) method, this study is based on time-series data from 2008 to 2016 acquired from The World Bank and the National Report on E-Commerce Development in China. The analysis seeks to support that e-commerce, as a large portion of China’s total consumption, not only has some degree of influence on the traditional economy but also yields a positive effect on the GDP of China. The paper will provide a holistic overview including aspects such as a comprehensive exploration of e-commerce’s history and development in China, a careful assessment of the potential influence factors, and a series of future suggestions that will guide the path of e-commerce and the entire economy in China. In the end, this paper aspires to contribute to a nuanced understanding of the pivotal role and impact it has on China’s economic growth.