Digital Economy Empowers High-quality Development of Traditional Manufacturing Industry: Evidence from Nanjing Metropolitan Area

Abstract

The integration and development of the digital economy and the real economy, especially the traditional manufacturing industry, is the focus of China's development at this stage. With its high efficiency and high value, the digital economy has rapidly exerted its powerful traction in the field of manufacturing, giving the traditional manufacturing industry a chance to usher in a "spring of development" and gradually align itself with the direction of high-quality development. In order to find micro evidence that the digital economy enables the high-quality development of traditional manufacturing industry, this article uses factor analysis methods to measure the development level of its digital economy based on the perspective of Nanjing Metropolitan Area, and conducts an empirical analysis of the effect of the digital economy on the high-quality development of traditional manufacturing industry.