Analyses on Issues and Countermeasures of China's Digital Economy Development

Haozhe Chen

doi:10.54097/z5tzrt14

Authors

Haozhe Chen

DOI:

https://doi.org/10.54097/z5tzrt14

Keywords:

Digital economy, China, policy implication.

Abstract

The vigorous development of the digital economy has made it a significant driving force for global economic growth. As a major economic entity and a populous nation of 1.4 billion people, China must become a key participant in the transformation of the digital economy to achieve a new leap forward in economic development. This paper explores a series of issues that have arisen in the process of China's digital economic development and the underlying logic behind them. By using reliable data to thoroughly understand the scale of China's digital economic development and to bring out related issues, this paper then analyzes the causes of problems such as information leakage, technological monopolies, insufficient innovation drive, and regional equity from the perspectives of economic frameworks, social structures, and governmental levels, and subsequently proposes possible solutions. Furthermore, in the section on strategies, this paper innovatively provides recommendations for sustaining high-quality growth in China's digital economy from multiple perspectives such as government, corporations, and society, and integrates research on relevant issues and strategies with Chinese national projects and policy factors. Ultimately, this study contributes to a deeper understanding of the dynamics of the digital economy and offers insights to promote sustainable growth and prosperity in China's digital era.

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