RETRACTED ARTICLE: Comparative Analysis of Digital Economy-Driven Innovation Development in China: An International Perspective

The emergence of e-commerce, digital technology, and the internet have all contributed to a revolutionary shift in the global landscape toward the digital economy, which is driving inventive development on a global scale. Simultaneously, China’s digital economy has entered a phase of high-quality development and has become a key driver of the global economic recovery. On the other hand, maintaining sustainability presents difficulties for the traditional growth paradigm. This paper explains the complex relationship between innovation and the digital economy across industries, economies, organizations, and innovation ecosystems by methodically reviewing the body of research on the topic. This report provides important recommendations through a comparative examination of digital economy strategy, current status, and difficulties across leading industrialized nations and China. These include developing all-encompassing plans, establishing strong regulatory frameworks, streamlining management procedures, and encouraging technology advancements and applications to strengthen the groundwork for China’s innovation development powered by the digital economy. Furthermore, this research advances the knowledge economy by aligning with the changing dynamics of digital transformation and innovation-driven growth.