Digitalization of China’s Economy: Risks and Opportunities for Society
In recent years, China has gone through a rapid growth in digitalization of national economy, mainly in such areas as e-commerce, fi nancial technology, and manufacturing. Elements of the digital economy increasingly fulfi l the daily lives of citizens. The article is dealing with the phenomenon of...
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| Format: | Article |
| Language: | English |
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President of the Russian Federation, Russian Academy of National Economy and Public Administration, North-West Institute of Management
2019-09-01
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| Series: | Евразийская интеграция: экономика, право, политика |
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| Online Access: | https://www.eijournal.ru/jour/article/view/232 |
| _version_ | 1797214352589193216 |
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| author | Lilia V. Tomaichuk |
| author_facet | Lilia V. Tomaichuk |
| author_sort | Lilia V. Tomaichuk |
| collection | DOAJ |
| description | In recent years, China has gone through a rapid growth in digitalization of national economy, mainly in such areas as e-commerce, fi nancial technology, and manufacturing. Elements of the digital economy increasingly fulfi l the daily lives of citizens. The article is dealing with the phenomenon of digitalization of the economy in Chinese society. The administrative structure governing technological areas, and the regulatory legislative basis have been analyzed. The political, economic, social factors of digitalization growth and the problems restraining the digitalization process in China are underlined. Beijing aims to strengthen technological capabilities and achieve the level of developed countries. On this path, it is important to provide “analogue additions”, in particular, to improve legislation that provides innovation and competition, to bring the qualifications into line with the requirements of the new economy, to provide social guarantees. |
| first_indexed | 2024-03-08T15:15:17Z |
| format | Article |
| id | doaj.art-5ac6b735bf9b4f618d18403dac1f466e |
| institution | Directory Open Access Journal |
| issn | 2073-2929 |
| language | English |
| last_indexed | 2024-04-24T11:12:49Z |
| publishDate | 2019-09-01 |
| publisher | President of the Russian Federation, Russian Academy of National Economy and Public Administration, North-West Institute of Management |
| record_format | Article |
| series | Евразийская интеграция: экономика, право, политика |
| spelling | doaj.art-5ac6b735bf9b4f618d18403dac1f466e2024-04-11T12:16:04ZengPresident of the Russian Federation, Russian Academy of National Economy and Public Administration, North-West Institute of ManagementЕвразийская интеграция: экономика, право, политика2073-29292019-09-01033136231Digitalization of China’s Economy: Risks and Opportunities for SocietyLilia V. Tomaichuk0Russian Presidential Academy of National Economy and Public Administration (North-West Institute of Management)In recent years, China has gone through a rapid growth in digitalization of national economy, mainly in such areas as e-commerce, fi nancial technology, and manufacturing. Elements of the digital economy increasingly fulfi l the daily lives of citizens. The article is dealing with the phenomenon of digitalization of the economy in Chinese society. The administrative structure governing technological areas, and the regulatory legislative basis have been analyzed. The political, economic, social factors of digitalization growth and the problems restraining the digitalization process in China are underlined. Beijing aims to strengthen technological capabilities and achieve the level of developed countries. On this path, it is important to provide “analogue additions”, in particular, to improve legislation that provides innovation and competition, to bring the qualifications into line with the requirements of the new economy, to provide social guarantees.https://www.eijournal.ru/jour/article/view/232digital economydigitalizationchinaelectronic commercefinancial technologiesscientific and technical progress |
| spellingShingle | Lilia V. Tomaichuk Digitalization of China’s Economy: Risks and Opportunities for Society Евразийская интеграция: экономика, право, политика digital economy digitalization china electronic commerce financial technologies scientific and technical progress |
| title | Digitalization of China’s Economy: Risks and Opportunities for Society |
| title_full | Digitalization of China’s Economy: Risks and Opportunities for Society |
| title_fullStr | Digitalization of China’s Economy: Risks and Opportunities for Society |
| title_full_unstemmed | Digitalization of China’s Economy: Risks and Opportunities for Society |
| title_short | Digitalization of China’s Economy: Risks and Opportunities for Society |
| title_sort | digitalization of china s economy risks and opportunities for society |
| topic | digital economy digitalization china electronic commerce financial technologies scientific and technical progress |
| url | https://www.eijournal.ru/jour/article/view/232 |
| work_keys_str_mv | AT liliavtomaichuk digitalizationofchinaseconomyrisksandopportunitiesforsociety |