China's Digital Economy: Opportunities and Risks
China's Digital Economy: Opportunities and Risks
复制标题
中国数字经济:机遇与风险
DOI:
10.5089/9781484389706.001
复制
发表时间:
2019
期刊:
影响因子:
--
通讯作者:
S. Chen
中科院分区:
文献类型:
--
作者:
Longmei Zhang;S. Chen
China’s digital economy has expanded rapidly in recent years. While average digitalization of the economy remains lower than in advanced economies, digitalization is already high in certain regions and sectors, in particular e-commerce and fintech, and costal regions. Such transformation has boosted productivity growth, with varying impact on employment across sectors. Going forward, digitalization will continue to reshape the Chinese economy by improving efficiency, softening though not reversing, the downward trend of potential growth as the economy matures. The government should play a vital role in maximizing the benefits of digitalization while minimizing related risks, such as potential labor disruption, privacy infringement, emerging oligopolies, and financial risks.