IN SEARCH OF THE CHINESE MODEL OF DIGITAL ECONOMY: LESSONS FROM A COMPARATIVE ANALYSIS

Author(s): Fu Bingjie

Rubric: Domestic and foreign trade

DOI: 10.21777/2587-554X-2023-3-74-85

Release: 2023-3 (46)

Pages: 74-85

Keywords: China, digital economy, index, ranking, digitalization, digital gap, digital transformation

Annotation: In thirty years, modern China has evolved from an agrarian country to a dynamic digital power. During this time, the digital transformation has affected various domains of Chinese society, thus drawing the attention of experts from all over the world. However, there is still no consensus in economic scholarship on how to assess China’s digital economy model, which makes it difficult to perceive it holistically. The article considers and summarizes the main methodologies for assessing China’s digital economy. An attempt is made to summarize the characteristics and features of the Chinese digital economy model at the present stage. Applying both quantitative and qualitative methods of comparative analysis, the author concludes that the evolution of China’s model of digital economy suffers from the “developmental disease” and faces many of the difficulties typical of developing countries. At the same time, it seems that the Chinese experience of planning and managing the digitalization of economy may be useful for Russia when considering the issue of shifting to the sixth technological mode of economy.

Bibliography: Fu BI. IN SEARCH OF THE CHINESE MODEL OF DIGITAL ECONOMY: LESSONS FROM A COMPARATIVE ANALYSIS // Economics and Management. – 2023. – № 3 (46). – С. 74-85. doi: 10.21777/2587-554X-2023-3-74-85