Advances in Economics, Management and Political Sciences

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Proceedings of the 2nd International Conference on Financial Technology and Business Analysis

Series Vol. 59 , 05 January 2024


Open Access | Article

Analysis of the Status of Digital Economy in China's Economy

Cheng Cao * 1
1 Beijing Normal University - Hong Kong Baptist University United International College, 2000 Jintong Road, Tangjiawan Town, Zhuhai, China

* Author to whom correspondence should be addressed.

Advances in Economics, Management and Political Sciences, Vol. 59, 42-47
Published 05 January 2024. © 2023 The Author(s). Published by EWA Publishing
This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
Citation Cheng Cao. Analysis of the Status of Digital Economy in China's Economy. AEMPS (2024) Vol. 59: 42-47. DOI: 10.54254/2754-1169/59/20231025.

Abstract

Digital economy is the hot point of the world’s financial and economic system. The combination of usage of financial technologies and innovation of that have a lightly prospect of the financial development. To know about the impact of digital economy on Chinese regional economic promotion, this essay will question two queries: What is the status of digital finance in the past and current China economy? What aspects of risks need to be avoided in developing process of digital economy? It will combine some cases and data in China firstly and then analysis them as well as giving conclusion and suggestion in the end. Finally, this paper gets a conclusion that digital economy will be the important part of not only Chinese economy but also the world economy. In order to build up an excellent environment for that, there are some factors that have to been paid attention to, including personal information leakage, financial fraud, technical unemployment risk, national essential data leakage and market monopoly.

Keywords

digital finance, regional economy, digital technology

References

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3. China Academy of Information and Communications Technology, 2017, Research Report on the Development of Digital Economy in G20 Countries (2017), Retrieved from http://www.caict.ac.cn/kxyj/qwfb/bps/201804/P020171213443445335367.pdf

4. China Academy of Information and Communications Technology, 2019, Mobile Finance Application Security White Paper (2019), Retrieved from http://www.caict.ac.cn/kxyj/qwfb/bps/201911/P020191106355706395096.pdf

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7. Natile, S. (2020). Digital Finance Inclusion and the Mobile Money “Social” Enterprise: A Socio-Legal Critique of M-Pesa in Kenya. Historical Social Research / Historische Sozialforschung, 45(3), 74–94.

8. Bilotta, N., & Botti, F. (2018). Libra and the Others: The Future of Digital Money. Istituto Affari Internazionali (IAI).

9. Kong, S. T. (2019). E-commerce development in rural China. In L. SONG, Y. ZHOU, & L. HURST (Eds.), The Chinese Economic Transformation: Views from Young Economists:129–142.

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Data Availability

The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.

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Volume Title
Proceedings of the 2nd International Conference on Financial Technology and Business Analysis
ISBN (Print)
978-1-83558-209-1
ISBN (Online)
978-1-83558-210-7
Published Date
05 January 2024
Series
Advances in Economics, Management and Political Sciences
ISSN (Print)
2754-1169
ISSN (Online)
2754-1177
DOI
10.54254/2754-1169/59/20231025
Copyright
05 January 2024
Open Access
This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited

Copyright © 2023 EWA Publishing. Unless Otherwise Stated