IDEAS home Printed from https://ideas.repec.org/a/spr/ijoeps/vyid10.1007_s42495-020-00037-y.html
   My bibliography  Save this article

New normal and new economy: a new growth engine for China

Author

Listed:
  • Yusaku Nishimura

    (University of International Business and Economics)

Abstract

As the economy stepped into the “new normal,” the Chinese government has implemented various policies to transform its economic development model to pursue an innovation-driven growth. Against this background, the most innovating field is the Internet-based “new economy.” A major feature of the Chinese new economy is that it is based on a new payment system. Various new businesses have been developed owing to third-party payment platforms (particularly Alibaba's Alipay and Tencent's WeChat Pay) and a vast ecosystem has been created around them. Moreover, the development of the Chinese new economy is helping to expand consumer spending and is becoming a new economic growth engine.

Suggested Citation

  • Yusaku Nishimura, 0. "New normal and new economy: a new growth engine for China," International Journal of Economic Policy Studies, Springer, vol. 0, pages 1-12.
    • Handle: RePEc:spr:ijoeps:v::y::i::d:10.1007_s42495-020-00037-y
    DOI: 10.1007/s42495-020-00037-y
    as

    Download full text from publisher

    File URL: http://link.springer.com/10.1007/s42495-020-00037-y
    File Function: Abstract
    Download Restriction: Access to the full text of the articles in this series is restricted.
    File URL: https://libkey.io/10.1007/s42495-020-00037-y?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to look for a different version below or search for a different version of it.

    Other versions of this item:

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Jun Wang & Guixiang Zhang, 2022. "Can Environmental Regulation Improve High-Quality Economic Development in China? The Mediating Effects of Digital Economy," Sustainability, MDPI, vol. 14(19), pages 1-21, September.
    2. Zhang, Hongyan & Chen, Suisui & Wang, Shuhong, 2022. "Impact of economic growth and labor productivity dispersion on energy intensity in China," Energy, Elsevier, vol. 242(C).
    3. Xiuxiu Jiang & Xia Wang & Jia Ren & Zhimin Xie, 2021. "The Nexus between Digital Finance and Economic Development: Evidence from China," Sustainability, MDPI, vol. 13(13), pages 1-17, June.
    4. Kamal Abubker Abrahim Sleiman & Lan Juanli & Hongzhen Lei & Ru Liu & Yuanxin Ouyang & Wenge Rong, 2021. "User Trust levels and Adoption of Mobile Payment Systems in China: An Empirical Analysis," SAGE Open, , vol. 11(4), pages 21582440211, November.
    5. Tomoko Kinugasa, 2020. "Special Issue: Population and economic development in East Asia 2," International Journal of Economic Policy Studies, Springer, vol. 14(2), pages 297-299, August.
    6. Zhiyong Zheng & Jian He & Yingjie Yang & Mengting Zhang & Desheng Wu & Yang Bian & Jianhong Cao, 2023. "Does financial leverage volatility induce systemic financial risk? Empirical insight based on the Chinese fintech sector," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 44(2), pages 1142-1161, March.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:ijoeps:v::y::i::d:10.1007_s42495-020-00037-y. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.