Proceedings of the 2022 International Conference on Economics, Smart Finance and Contemporary Trade (ESFCT 2022)

<Previous Article In Volume
Next Article In Volume>

A Comprehensive Evaluation of China's Digital Economy: A Comparative Study with the U.K. and the U.S.

Authors
Junhua Zhang1, *
1David Eccles School of Business, University of Utah, Salt Lake City, 84111, USA
*Corresponding author. Email: u1302984@utah.edu
Corresponding Author
Junhua Zhang
Available Online 27 December 2022.
DOI
10.2991/978-94-6463-052-7_81How to use a DOI?
Keywords
Digital Economy; International Comparison; Challenge
Abstract

As information technology continues to evolve, the digital economy will play an increasingly important role in the economic development of many countries. China is yet to catch up with developed countries, such as the U.K. and the U.S., as a latecomer in modeling its digital economy. This study identified the current challenges and proposed potential strategies to expedite the expansion of China's digital economy. Firstly, we inspected the current state of China's digital economy. Secondly, China’s digital development was compared with that of the U.S. and the U.K., and the challenges of China’s digital economy were elaborated.; Finally, targeted solutions were outlined. The study identified that the level of development of China's digital economy is lagging behind that of the U.K. and the U.S. in many aspects such as core technology, policy support, and industrial transformation. This study proposes feasible solutions in the following four elements: increasing investment in basic scientific research, reducing the hazards of the digital divide, strengthening the security of digital video privacy, and inviting overseas digital talents to enhance the core technology development.

Copyright
© 2022 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Download article (PDF)

<Previous Article In Volume
Next Article In Volume>
Volume Title
Proceedings of the 2022 International Conference on Economics, Smart Finance and Contemporary Trade (ESFCT 2022)
Series
Advances in Economics, Business and Management Research
Publication Date
27 December 2022
ISBN
978-94-6463-052-7
ISSN
2352-5428
DOI
10.2991/978-94-6463-052-7_81How to use a DOI?
Copyright
© 2022 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Junhua Zhang
PY  - 2022
DA  - 2022/12/27
TI  - A Comprehensive Evaluation of China's Digital Economy: A Comparative Study with the U.K. and the U.S.
BT  - Proceedings of the 2022 International Conference on Economics, Smart Finance and Contemporary Trade (ESFCT 2022)
PB  - Atlantis Press
SP  - 709
EP  - 719
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-052-7_81
DO  - 10.2991/978-94-6463-052-7_81
ID  - Zhang2022
ER  -