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Digital China: Policy Initiatives, Progress, and Challenges

In: Growth Mechanisms and Sustainable Development of the Chinese Economy

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  • Asei Ito

    (The University of Tokyo)

Abstract

This article overviews the policy initiatives, progress, and issues of China’s digitalization. China’s digital economy has been growing quickly since the end of the 2000s, and data from the users of internet-based payment technologies indicate China has a high rate of use of digital services compared to other nations with similar levels of economic development. The Chinese government has setup a variety of policy initiative related to digitalization. A potential risk of digitalization is the impact on labor market. Considering the impact of automation, jobs in rural areas and relatively elderly workers may be replaced by future innovations. In addition, digitalization plays the role of strengthening China’s authoritarian regime, and it is important to note that a similar pattern is also taking place in some other countries. Chinese ICT companies are eager to expand their activities in both domestic and foreign territories, and their investments in unicorn companies in Southeast Asia are especially noteworthy.

Suggested Citation

  • Asei Ito, 2022. "Digital China: Policy Initiatives, Progress, and Challenges," Springer Books, in: Xinxin Ma & Cheng Tang (ed.), Growth Mechanisms and Sustainable Development of the Chinese Economy, chapter 0, pages 97-123, Springer.
    • Handle: RePEc:spr:sprchp:978-981-19-3858-0_4
    DOI: 10.1007/978-981-19-3858-0_4
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