Achievements and Problems of the Development of the Digital Economy in China

Paper illustrates digital economy’s current condition as well as its positive impact of the in China and discusses possible opportunities for Chinese citizens. Although the total degree of economic digitization is still significantly low compared to that in developed countries, it is already substantial in a number of regions and industries, especially in coastal regions that are heavily dependent on e-commerce. Due to these developments, productivity growth has risen, with varying implications on employment across industries. Therefore, as the Chinese economy ages, digitization continues to transform it through increasing efficiency and future growth. The government is crucial in leveraging the advantages of digitalization while reducing associated concerns, such as potential financial problems, privacy invasion, and labor disruption. The research discovers and evaluates major problems, for instance enterprises' internalization insufficient degree, poor security system, expensive creation of digital systems, the lack of “digital” talents.