Digital Economy Development and Governance in China (Beijing Institute of Technology)

Arguments

Electronic transactions are complex and can refer to different aspects

Supporting facts:

• Electronic transactions can refer to the conclusion of the contract, communications between the parties, delivery of something in digital form, and even digitalization of upstream processes.

Topics: Electronic Commerce, Harmonization of Commercial Law

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The organization focuses on electronic transactions

Topics: Electronic Commerce, Electronic Transactions

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Ancetro does not develop its own metrics for digital economy, instead, they look to UNCTAD for those metrics

Supporting facts:

• Ancetro is also working on the roles for the digital trade, but its role does not involve developing metrics

Topics: Digital Economy, UNCTAD, Metrics, Ancetro

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Digital economy means traders engaging with one another electronically or using digital means

Supporting facts:

• UNCTRAL started looking into electronic transactions 30 years ago

• the online component came in the 1990s with people using internet technologies for forming those electronic transactions

• digital platforms and digital ecosystems are the new phase

Topics: digital economy, trade, electronic transactions, UNCTRAL

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Stresses and strains appear on the existing legal framework due to the evolution from electronic transactions to digital platforms

Supporting facts:

• Electronic transactions have been regulated by 30-year-old legislation

• New ecosystems are forming questioning the relevance of existing commercial law system

Topics: digital platforms, UNCTRAL, legislation, electronic transactions

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Report

The organisation has been focusing on electronic transactions and electronic commerce for the past 30 years, particularly with the advancements in technology. This shows their commitment to staying up-to-date with the current trends and developments in this field. The technological advancements have played a significant role in shaping the landscape of electronic commerce.

The organisation recognises the complexity of electronic transactions, which can refer to different aspects such as the conclusion of contracts, communications between parties, delivery of digital content, and the digitalization of upstream processes. To accurately measure the impact of the digital economy, ANCETRO, a component of the organisation, is working on developing metrics.

However, it is important to note that ANCETRO does not develop its own metrics for the digital economy but instead looks to the United Nations Conference on Trade and Development (UNCTAD) for those metrics. This collaboration with UNCTAD reflects the organisation’s commitment to working together with other entities to achieve their goals.

Concerns exist about the existing legal framework for electronic transactions, as the emergence of digital platforms has questioned the relevance of the current commercial law system. The organisation stresses the need to regulate these platforms and monitor the operators, particularly from a business-to-business perspective.

They are interested in any legislation that applies to regulating platform operators, as it is crucial for ensuring fair and efficient transactions in the digital economy. Furthermore, the organisation has a positive outlook on the ongoing collaboration between UNCTAD and China.

A Memorandum of Understanding has been signed between the Ministry of Commerce of China and UNCTAD, indicating a strong partnership between the two. China, being a member state of UNCTAD, has been instrumental in sharing its digital developments and legislation, which has greatly contributed to the development of new texts in this field.

In conclusion, the organisation has dedicated significant attention to electronic transactions and electronic commerce, especially in light of the current technological advancements. They have collaborated with UNCTAD and China to develop metrics for the digital economy and learn from their digital developments and legislation.

However, the existing legal framework for electronic transactions faces challenges due to the evolution towards digital platforms. The organisation emphasises the importance of regulating these platforms and monitoring their operators to ensure fair and efficient transactions in the digital economy.

Arguments

Invitation to join Global Digital Economy Conference and think tank on development of Beijing’s digital economy

Supporting facts:

• The invitation came from the Director General of the Beijing Municipal Bureau on the Information and Economy

• The think-tank will consist of 15-20 people

Topics: Digital Economy, Conference, Think-tank, Beijing

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Company developing digital figures is a subsidiary of China Mobile

Supporting facts:

• The company specializes in mobile network content development and service

Topics: Digital Figures, China Mobile

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Audience asking for clarification on ‘offline transactions’

Topics: Offline Transactions

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Electronic commerce is interconnected with the harmonization of commercial law, which needs to be addressed for both online and offline transactions.

Supporting facts:

• Ancetral has been looking into the harmonization of commercial law for 30 years.

• The organization is currently focusing on electronic transactions due to technological advancements.

Topics: Electronic commerce, Commercial law, Online transactions, Offline transactions

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Clarity on the measurement of the digital economy’s contribution in global GDP

Supporting facts:

• Singapore’s estimate states that the digital economy is 17% of Singapore’s GDP

• China’s estimate states that it’s half of China’s GDP

Topics: Digital Economy, Global GDP

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regulating large digital players and preventing unfair competition

Supporting facts:

• Alibaba, a major platform, is mentioned as an example of a large player in the digital market

Topics: E-commerce, Market Regulation

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Discussion on international cooperation and China’s role in the WTO on digital trade

Supporting facts:

• Question on China’s position and aim in WTO space, JSI and E-commerce

Topics: International Trade, E-commerce

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The US representative has pulled back some longstanding positions in the WTO GSI

Supporting facts:

• Recent announcement made by US representative

Topics: WTO GSI, US foreign policy

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Report

The Global Digital Economy Conference and think tank have extended an invitation to join their efforts in developing Beijing’s digital economy. The think tank, comprising 15-20 individuals, aims to actively contribute to the advancement of the digital sector. Meanwhile, a subsidiary of China Mobile is engaged in the development of digital figures, focusing on mobile network content development and service.

During the conference, there was a discussion around the concept of “offline transactions,” and the audience sought clarification on its meaning. The topic of electronic commerce and the harmonisation of commercial law surfaced, highlighting the need to address legal frameworks for both online and offline transactions.

Ancetral, an organisation with a 30-year history of studying commercial law, emphasised the interconnectedness of e-commerce and the harmonisation of commercial law in light of technological advancements. Notably, China and other major economies are spearheading a movement away from the global internet towards alternative web platforms.

This shift could potentially have far-reaching consequences and reshape the digital landscape. Additionally, the conference examined the contribution of the digital economy to global GDP, with estimates suggesting that it constitutes a significant portion of Singapore and China’s GDP. The regulation of large digital players to prevent unfair competition was a key argument made during the conference.

The example of Alibaba, a major platform in the digital market, was cited to illustrate the necessity of market regulation in this context. Furthermore, the discussion also delved into international cooperation and China’s role in the World Trade Organisation (WTO) regarding digital trade.

Specifically, questions arose about China’s position and objectives within the WTO space, particularly on the issues of Joint Statement Initiative (JSI) and e-commerce. The recent announcement by the US representative regarding changes in the World Trade Organisation General Council (WTO GSI) sparked interest, prompting the audience to inquire about China’s perspective on these developments.

Speculation arose regarding China’s stance, and it was noted that some US tech companies and their allies believe these changes may benefit China. Overall, the conference provided valuable insights into the development of Beijing’s digital economy, the impact of the digital landscape on global GDP, the necessity of market regulation, and the significance of international cooperation within the WTO framework.

Arguments

Offline transactions refer to physical purchase methods

Supporting facts:

• Offline transactions mean you have to go to the restaurant to buy food

Topics: Offline transactions, E-commerce

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Report

Offline transactions refer to traditional physical purchase methods, where consumers have to physically visit a restaurant or establishment to buy food. On the other hand, online transactions have revolutionized the way consumers can purchase food by allowing them to do so through online platforms.

This evolution from offline to online transactions is seen in a positive light, highlighting the convenience and efficiency it brings to consumers. The positive stance towards the evolution of offline transactions to online systems suggests that people are embracing the convenience and accessibility provided by online platforms.

With online transactions, consumers can now conveniently browse through menus, place orders, and make payments from the comfort of their own homes. This eliminates the need for physical travel and saves time and effort for consumers. The availability of online platforms also allows for greater choice and variety for consumers.

They can explore a wider range of restaurants and food options, browsing through different menus and reviews to make informed choices. This increased competition among restaurants also promotes innovation and improvement in their menus and services, further enhancing the overall consumer experience.

Moreover, the shift towards online transactions aligns with SDG 9: Industry, Innovation, and Infrastructure. This sustainable development goal encourages the promotion of inclusive and sustainable industrialisation, innovation, and the development of robust infrastructure. The evolution from offline to online transactions plays a part in achieving this goal by utilising technology and digital platforms to improve the efficiency and accessibility of the food purchasing process.

While the positive stance towards the evolution of offline transactions is notable, it is important to recognise that offline transactions still hold significance in certain contexts. Some consumers may prefer the traditional method of physically visiting a restaurant to enjoy the experience, ambiance, and social interactions associated with dining out.

Additionally, offline transactions may provide employment opportunities for individuals within the restaurant industry. In conclusion, the evolution from offline to online transactions in the context of purchasing food has garnered a positive reception, as it offers consumers convenience, choice, and efficiency.

This shift aligns with SDG 9: Industry, Innovation, and Infrastructure and promotes the use of technology and digital platforms to enhance the overall consumer experience. However, it is necessary to acknowledge that offline transactions still hold value in certain situations and can provide unique social and employment aspects.

Arguments

China’s digital economy is rapidly growing

Supporting facts:

• China is the second largest digital economy in the world

• The scale of China’s digital economy reached 50.2 trillion RMB yuan in 2022

• The digital economy in China grew by 10.3% year-on-year

• China’s digital economy accounts for 41.5% of the world’s GDP

Topics: Digital Economy, Global Economy

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The OPCW has done a lot in promoting global digital economy cooperation

Supporting facts:

• The OPCW has written digital economy reports, held digital economy week activities, held e-commerce and digital economy government-to-government expert meetings, implemented e-commerce and digital economy technical cooperation projects

Topics: OPCW, Digital Economy Cooperation, Promotion

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The China Long-Term Investment Renewable Energy Representative Group is in charge of communication and communication with the E-Commerce and the Digital Economy.

Supporting facts:

• The successful holding of the forum of the Polytechnic University is a successful implementation of the cooperation with the E-Commerce and the Digital Economy.

Topics: E-Commerce, Digital Economy

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Report

China’s digital economy is experiencing rapid growth, cementing its position as the second largest in the world. In 2022, the scale of China’s digital economy reached an impressive 50.2 trillion RMB yuan, with a year-on-year growth rate of 10.3%. Furthermore, China’s digital economy now contributes 41.5% of the world’s GDP, highlighting its significant global impact.

Recognizing the importance of openness and cooperation, China and more than 10 countries have initiated the One Belt, One Road Digital Economy International Cooperation Summit. This emphasises the role of collaboration in advancing the global digital economy. The Organization for the Prohibition of Chemical Weapons (OPCW) has actively promoted global digital economy cooperation through various initiatives, including e-commerce and digital economy technical cooperation projects, digital economy week activities, and expert meetings.

China acknowledges the OPCW’s efforts and expresses its willingness to deepen cooperation. The successful forum held by the Polytechnic University exemplifies effective collaboration between e-commerce, the digital economy, and the Long-Term Investment Group. This event strengthens ties between the Chinese academic community and international digital economy organizations.

The Long-Term Investment Group acts as a bridge, facilitating exchange and dialogue between stakeholders. In summary, China’s digital economy has experienced significant growth and contributes significantly to global GDP. The emphasis on openness and cooperation, demonstrated through initiatives like the One Belt, One Road Digital Economy International Cooperation Summit, highlights the importance of collaboration in the digital economy’s development.

The OPCW’s efforts in promoting cooperation and the successful partnership between the Polytechnic University and the Long-Term Investment Group further exemplify effective collaboration in driving the digital economy forward.

Arguments

China’s digital economy is the second largest in the world and continues to grow

Supporting facts:

• In 2022, the scale of China’s digital economy reached 50.2 trillion RMB yuan, growing by 10.3% year-on-year and accounting for 41.5% of the world’s GDP

Topics: Digital Economy, Global Economy

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China values international cooperation in the digital economy and multilateral digital economy governance

Supporting facts:

• China proposed Global Data Security Initiative in 2022 and it drew international attention

• China, along with more than 10 countries, initiated the Beijing Initiative on Belt and Road Digital Economy International Cooperation

Topics: Global Data Security Initiative, Digital Economy Cooperation

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OCTET has significantly contributed in promoting global digital economy cooperation

Supporting facts:

• OCTET has compiled digital economy reports

• OCTET has held e-commerce and digital economy government-to-government expert meetings

• OCTET implemented technical collaboration projects of E-Commerce and the Digital Economy

Topics: Digital Economy, Global Cooperation

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Beijing Institute of Technology successfully organized a forum on digital economy

Supporting facts:

• The Economic and Trade Section of the Permanent Mission of China to Geneva will continue to play a bridging role between the university and UNCTAD

• The goal is to promote exchange on the topic of digital economy between Chinese academia and international organizations

Topics: Beijing Institute of Technology, Digital Economy, International cooperation

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Beijing is seeking global participation for the development of its digital economy

Supporting facts:

• The Director General of the Beijing Municipal Bureau on the Information and Economy extended an invitation for global participation

• The Beijing municipal government is looking for contributions to its Global Think Tank for the Beijing Digital Economy Development

Topics: Global Think Tank, Digital Economy, Global Digital Economy Conference

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The possibility of interaction with the company that developed the digital figure

Supporting facts:

• The company, solely owned by China Mobile, specializes in mobile network content development and service

• The company has contributed to the digital transformation in China

Topics: Digital Transformation, Digital Figure, China Mobile

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Encourages sharing of achievements and insights in the digital economy

Supporting facts:

• Alex from Ancetral is encouraged to share achievements during the Q&A

• Ongoing work could provide inspiration

Topics: Digital Economy, International Trade

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There needs to be a common standard measurement to measure the digital economy

Supporting facts:

• The calculation of GDP or the contribution of a digital economy to the GDP is currently complicated and needs more understanding

• Different economies have different measurements making it hard to interpret the digital economy in another country

• UNCTAD is also working on the measurement of a digital economy

Topics: Digital economy, GDP, UNCTAD

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China is encouraging more competition in the digital market

Supporting facts:

• China is diversifying platforms for digital trade

• China is working towards letting the roles of small to medium enterprises have an opportunity to play in the market

• China is using regulatory power to regulate and punish unbehaving bigger players

Topics: Digital economy, Alibaba, Digital trade, Competition

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Changes in USTR’s stance towards the WTO GSI is seen as a potential opportunity.

Supporting facts:

• The US representative retrieved some long-term US positions in the WTO GSI.

• LIU Hao sees these changes as potential opportunities for negotiation and the establishment of a new balance.

Topics: US-China Relations, Trade, WTO

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Report

China’s digital economy is not only one of the largest in the world but also continues to grow. In 2022, it reached an impressive scale of 50.2 trillion RMB yuan, accounting for 41.5% of the world’s GDP. China actively participates in international rule-making and standard-setting in the digital domain, emphasizing the importance of global cooperation and multilateral digital economy governance.

China appreciates the efforts of OCTET, an organization that promotes global digital economy cooperation, and seeks to deepen collaboration in the digital economy. They also value partnerships between academic institutions and international organizations to enhance cooperation in this field. China actively seeks global participation for the development of its digital economy and invites contributions to its Global Think Tank for the Beijing Digital Economy Development.

They acknowledge the need for a common standard measurement to understand the digital economy and support the ongoing work by UNCTAD in this area. Furthermore, China encourages competition in the digital market by diversifying platforms for digital trade and ensuring opportunities for small to medium enterprises.

They also express dissatisfaction with the fragmented nature of global governance in the digital economy and emphasize the importance of reform, particularly within the World Trade Organization. China’s approach in the digital economy is characterized by a focus on global cooperation rather than seeking dominance.

They prioritize working together to create a better world, rejecting the pursuit of power or dominance. This aligns with their commitment to the sustainable development goals. Overall, China’s digital economy is influential and growing rapidly. They actively engage in global cooperation, appreciate efforts for collaboration, and seek to enhance partnerships in the digital economy.

Their approach emphasizes competition, the need for a common measurement standard, and the importance of global governance reform.

Arguments

China’s decision-making level proposes a two-cycle development concept

Supporting facts:

• The concept focuses on domestic economic circulation and international circulation and double circulation

• New development capabilities are looked upon to make the concept a reality

Topics: China’s Digital Economy, Economic Circulation

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Digital economy is crucial for economic development

Supporting facts:

• China has recognized the economy as an important pillar for economic development since 2027.

Topics: economic development, digital economy

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The digital economy can help small enterprises compete fairly with large enterprises

Supporting facts:

• In the digital economy, we can build a digital economy platform to gather as many small enterprises on this platform, and then turn them into an enterprise that can compete fairly with the larger ones.

Topics: Digital Economy, Small and Medium-sized Enterprises, Competition

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The digital economy has proven resilient even during natural disasters and pandemics, maintaining high levels of steady growth

Supporting facts:

• During 2020, 2021, and 2022, despite the impact of the COVID-19 pandemic, the digital economy continued to generate a steady high level of growth

• The digital economy demonstrated strong vitality and motivation even in the midst of the epidemic

Topics: digital economy, pandemic resilience, economic growth

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The rapid growth of China’s digital economy and its significant contribution to the GDP, even during the epidemic years

Supporting facts:

• The total contribution made from the digital economy to the GDP has been on the rise constantly from 2017 throughout 2022

• During 2020, 2021, and 2022, when China was battling with epidemics, the contribution of the digital economy still increased dramatically

Topics: China’s digital economy, GDP, Epidemic

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The significant growth in China’s cross-border e-commerce over the past few years

Supporting facts:

• China’s cross-border e-commerce had grown by 10 times in 5 years since 2017

• Even in the third epidemic year, the digital economy was able to grow by 2.1 trillion yuan

Topics: China’s digital economy, Cross-border e-commerce

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China’s net user base has reached 10.67 billion and mobile users have reached 10.65 billion

Supporting facts:

• As of March 2023, China’s net user base has reached 10.67 billion

• Mobile users have reached 10.65 billion

Topics: Digital Economy, Mobile Users, Internet Usage in China

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The consumption potential of Tianmeng International is constantly improving with more young people participating

Supporting facts:

• On the platform of Tianmeng International, 90s buyers can reach 50%, and middle-aged users can reach more than half

• The number of online shoppers in Tianmeng International has increased rapidly from 2017 to 2022

• The number of residents in Tianmeng International has increased by 50%

Topics: Digital economy, E-commerce, Youth participation

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Digital economy is playing a crucial role in promoting China’s globalization

Supporting facts:

• Tianmeng International, a Chinese platform, houses more than 46,000 platforms from more than 90 countries and regions

• In the first half of this year, more than 2000 online brands chose Tianmeng International to launch their first store in China

Topics: China, Digital economy, Globalization

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Digitalization has led to the resumption of consumer decision-making systems

Supporting facts:

• Tianmeng Global offers more than 46,000 brands from more than 90 countries and regions.

• In the first half of 2023, more than 2,000 mobile service brand providers opened their first Chinese stores on Tianmeng Global.

Topics: Digital Economy, Consumer Rights, Public Services

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The digital economy, particularly e-commerce, has been a very significant part of the past 11 years

Supporting facts:

• e-commerce platforms have been operating at a high level for the past 11 years

Topics: digital economy, e-commerce

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China’s digital economy exhibits stability and extensibility

Supporting facts:

• Nationwide promotion campaigns are held every year on November 11th

• The growth rate of these campaigns is kept at a high level

• The digital economy depends strongly on these events to upscale their marketing

Topics: China’s Black Friday, e-commerce, content e-commerce, cyber economy

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Participation of the public in the digital society is diverse and active

Supporting facts:

• The public participates in the digital society in diverse ways

• All forms of participation are being integrated

Topics: Digital society, Digital economy

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The beginning of the digital economy equivalent to a comprehensive transformation of social governance

Supporting facts:

• The digital economy is using intelligent algorithms and computing to play a new form of economic value

• This affects non-linear human social participation and has a multi-dimensional impact

Topics: Digital Economy, Social Governance, Transformation

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The digital economy era has led to a diversification in the value orientation of social groups, leading to more diverse social contradictions and disputes, potentially intensifying conflict.

Supporting facts:

• Social groups are constantly regrouping and their value orientations are diversifying.

Topics: Digital Economy, Social Governance, Conflict Intensification

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The rapid upgrading of technology is changing our traditional understanding and acceptance of many governance systems.

Supporting facts:

• The rapid upgrading of technology is changing our traditional understanding and acceptance of many governance systems.

Topics: Technology Upgrading, Governance Systems

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Importance to ensure that small and medium-sized enterprises and individuals has the right to participate and develop in the digital economy.

Supporting facts:

• Rapidly advancing digital governance system in China

Topics: Digital Economy, Digital Governance, Small and Medium-sized Enterprises (SMEs)

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Need to further deepen the reform of the trade system

Supporting facts:

• SUN Jungong emphasizes that trade reform is essential for promoting democratization of trade and equality in economic participation

Topics: Trade reform, economic transformation

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Desire for new trade rules that are friendlier to small and medium-sized enterprises

Supporting facts:

• There is a call for new regulations that would be more adaptable to varying and complex environments, and enable SMEs to better face challenges in international trade

Topics: Small and medium-sized enterprises, Global digital economy, Trade rules

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Report

China’s digital economy has emerged as a crucial factor for economic development. It has demonstrated impressive resilience, maintaining high levels of steady growth even during natural disasters and pandemics. This resilience has been attributed to the strong vitality and motivation of the digital economy, which continued to generate significant growth even in the midst of the COVID-19 pandemic.

The digital economy’s contribution to China’s GDP has been consistently rising. Despite challenges posed by epidemics, the digital economy has made a significant and growing contribution to the country’s GDP from 2017 to 2022. This shows its importance as a driver of economic growth, even during epidemic years.

The digital economy has also enabled fair competition between small and large enterprises. Through digital platforms, small enterprises can now compete on an equal footing with larger ones. This has important implications for reducing inequalities and fostering a more dynamic business environment.

Youth participation in e-commerce has significantly increased due to the digital economy. Platforms like Tianmeng International have seen a surge in young buyers, with 50% of buyers on the platform belonging to the 90s generation. This trend highlights the growing consumption potential of the digital economy, with more young people actively participating in online shopping and driving growth.

Moreover, the digital economy has played a crucial role in promoting China’s globalization. Tianmeng International, a Chinese platform, has attracted over 46,000 platforms from more than 90 countries and regions. Additionally, more than 2,000 online brands have chosen Tianmeng International to launch their first store in China, indicating the increasing influence of the digital economy on global trade dynamics.

However, the diversification of social groups and value orientations resulting from the digital economy have also led to potential conflicts and disputes. Effective social governance mechanisms are thus needed to address these challenges and maintain social stability. The rapid advancement of technology associated with the digital economy has brought about a significant transformation in traditional governance systems.

This challenges conventional understanding and acceptance of established governance systems, calling for the development of new approaches that align with the changing landscape of the digital economy. In conclusion, China’s digital economy is vital for economic development, demonstrating resilience and making significant contributions to GDP even in challenging times.

It empowers small enterprises, attracts young participants, promotes globalization, and leads to innovations in consumer decision-making systems. However, its rapid growth also poses challenges related to social conflicts and the need for adapted governance systems. Efforts to achieve trade reform and establish new trade rules reflect the recognition of the transformative impact of the digital economy and the desire to foster a fair and inclusive business environment.

Arguments

China’s digital economy has experienced unprecedented growth.

Supporting facts:

• Total volume of the digital economy in China reached 7,000 in 2022.

• Digital economy annual growth rate of over 9.7% in recent years.

• Digital economy contributes 41.5% to China’s GDP in 2022.

Topics: Digital Economy, China’s Growth

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China is facing challenges in the digital economy.

Supporting facts:

• Cultural adaption to digital change is lagging.

• Global cooperation in the field of the digital economy is fragmented.

• Digital inclusion system needs to be improved.

• A balance is needed between technological innovation and regulation.

• Smoothing data flow needs to be facilitated.

Topics: Digital Economy, Challenges

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The development of China’s digital economy is a national strategy

Topics: Digital Economy, National Strategy

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Understanding the development of digital economy requires both a national and global perspective

Topics: Global Perspective, Digital Economy, National Perspective

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Facing the challenges in governance and domestic economic development in the process of digital economy growth

Topics: Governance, Economic development, Challenges

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China’s top leaders have worked out a decision to concentrate on the double-cycling economy

Supporting facts:

• China’s decision-making level proposes a two-cycle development concept

• The concept of international and domestic economic circulation is included in double circulation

Topics: China’s Economy, Double-cycling Economy

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The core part of the double-cycling economy is to concentrate on the development of the digital economy

Supporting facts:

• For the concept of two-cycle to support, it needs new development capabilities

Topics: Digital Economy, Economic Development

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China identified the digital economy as an important pillar for economic development in 2027.

Supporting facts:

• In 2017, at the 19th Congress of the Communist Party of China, they announced their digital economy strategy

• China was different from Western European countries which identified the development of digital economy as a pillar in their economy in the mid-90s

Topics: Digital Economy, Economic Development, China

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China sees the need to transform its economic development from high growth rate to high quality growth.

Supporting facts:

• After recognizing the importance of digital economy, China acknowledged the need for shift in economic strategy

Topics: High Quality Growth, Economic Development, China

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Inequality of wealth in China is a major problem that needs to be addressed

Topics: wealth inequality, digital economy

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The development of the digital economy is going to serve as a very important opportunity to better promote the social fairness and justice.

Supporting facts:

• Traditionally, the industrial economy has every single advantage, including resources, technologies, and talents. So in that case, that leaves the little opportunity or no opportunities for small and medium-sized enterprises to compete with them.

Topics: Digital Economy, Social Fairness, Justice

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China’s digital economy has shown fast growth and high contribution to the GDP, especially during the years impacted by epidemics

Supporting facts:

• Despite the severity of the COVID-19 pandemic in 2020, 2021 and 2022, the digital economy still presented a significant growth rate and contributed to the GDP.

Topics: Digital Economy, GDP Growth, Heath Crisis, COVID-19

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The scale of cross-border commerce in China has increased nearly tenfold in five years, becoming a significant driving force under the philosophy of dual cycling economy

Supporting facts:

• China’s cross-border e-commerce has grown by 10 times in 5 years since 2017.

• Total import and export of cross-border commerce in China has reached about 2.11 trillion, up to 9.8% in 2022.

Topics: Cross-border Commerce, China’s Digital Economy, Trade facilitation demand, E-commerce

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China has a very high penetration rate of internet

Supporting facts:

• China’s net user base has reached 10.67 billion

• Mobile users have reached 10.65 billion

• Total number of the rural netizens has already amounted to 3.0 billion

• Net over 50 years old has already amounted to 328 million

• Mobile payment users has already amounted to 911 million users

Topics: online users, digital economy

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We should focus on social interaction perspectives, not just economic, when judging the digital economy’s impact

Supporting facts:

• Digital economy involves everyone from various social perspectives

Topics: Social Interaction, Digital Economy

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The consumption potential of Tianmeng International is improving

Supporting facts:

• The youth of digital shopping network is becoming more and more obvious

• 90s buyers can reach 50%, and middle-aged users can reach more than half

Topics: Digital economy, E-commerce

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The number of online shoppers and merchants in Tianmeng International has increased rapidly

Supporting facts:

• From 2017 to 2022, the number of online shoppers in Tianmeng International has increased rapidly

• From 2017 to 2020, the number of online merchants of Tianmeng Global rapidly grew at 55.2%

Topics: Digital economy, E-commerce, Online Shopping, Online Merchants

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Tianmeng Global plays a significant role in globalizing China’s economy

Supporting facts:

• Tianmeng Global hosts over 46,000 brands from 90+ countries

• over 2,000 mobile service brand providers launched their first Chinese stores on Tianmeng Global in the first half of 2023

Topics: Tianmeng Global, China’s economy, globalization

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Digital economy is changing consumer behavior and demand

Supporting facts:

• Digitalization has led to the resumption of consumer decision-making systems

• Consumers are demanding better social services due to the digital economy

• Young consumers’ requirements are changing as they demand better price-performance ratio and value creation

Topics: Digital Economy, Consumer Behavior

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Consumers’ rights are elevated in the digital economy

Supporting facts:

• Consumers have the right to express themselves, the right to speak, the right to choose, and the right to participate in the digital economy

• Real-time, scenarized, content-oriented, and interactive behavior of consumers is encouraged

Topics: Digital Economy, Consumers’ Rights

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Growth rate of China’s e-commerce is still high, despite refusal to disclose GMV

Supporting facts:

• China’s Black Friday boosts e-commerce sales

• Dependence of consumers on digital economy is strong

Topics: E-commerce, Digital Economy, GMV, China’s Black Friday

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Traditional e-commerce platforms are now focusing on content creation

Supporting facts:

• Now, with the transition of major e-commerce platforms to do content e-commerce, including e-commerce live broadcast

Topics: E-commerce, Digital Economy, Live Streaming Business

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There is a diversity of ways to participate in the digital society

Supporting facts:

• We can tell easily that we have a very diversity of ways to participate in the digital society, which means we have the integration of online and offline formats

Topics: Digital Society, E-commerce, Integration

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China has stepped into a digital economy society

Supporting facts:

• We have a very strong conclusion that China has completely stepped into a digital economy society

Topics: China, Digital Economy

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The beginning of the digital economy era equals the turning point of the comprehensive transformation of the social governance paradigm

Supporting facts:

• The flow of data has resulted in compressed time speeds, and changed internet’s internal logic, life and work style, and social governance

• Traditional consumption behavior has been changed completely

Topics: Digital Economy, Social Governance, Data Flow

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The challenges of digital governance need to be addressed

Supporting facts:

• The value system started to be very much diversified with the introduction of the digital economy

• Digitalization in China is going to usher in new challenges in terms of the social governance

Topics: digital economy, social governance, economic development

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Ensuring people’s equal participation and equal development rights is crucial for China’s digital economy transformation

Topics: Digital Economy, Equal Participation, Digital Governance

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Democratization of trade is crucial for SMEs.

Supporting facts:

• Promotion of new trade rules that are friendly to SMEs

Topics: Trade Reform, Digital Economy

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Trade rights for every individual and SMEs.

Supporting facts:

• To trade is a right for every person and every SME

Topics: Trade Rights, Small and Medium-Sized Enterprises

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Report

China’s digital economy has experienced remarkable growth, with the total volume reaching 7,000 in 2022. It has contributed an impressive 41.5% to China’s GDP. This growth has been driven by a digital economy annual growth rate of over 9.7% in recent years. The unprecedented expansion of China’s digital economy is a testament to its success in embracing and harnessing digital technologies.

However, there are challenges that China faces in its digital economy. Cultural adaptation to digital change is lagging, and there is a need for greater global cooperation in this field. The digital inclusion system also needs improvement, and there is a call for a balance between technological innovation and regulation.

These challenges highlight the importance of addressing governance and domestic economic development in the process of digital economy growth. Infrastructure development and international cooperation are key factors in promoting the digital economy. China has made significant strides in 5G infrastructure development and application in recent decades.

Additionally, the establishment of 17 national agreements for digital second law agreements demonstrates China’s commitment to fostering innovation and creating an enabling legislative environment. Investments are being directed towards infrastructure development to support the growth of the digital economy. Action plans need to be designed to address the challenges in the digital economy.

Emphasising international solidarity to narrow the digital gap and promoting digital economy initiatives to foster a digital market openness are crucial steps. It is also important to support the dissemination of information and knowledge, invest in digital technology, and establish an independent cooperation mechanism.

China has identified the digital economy as a national strategy, recognising its potential for driving economic development. It acknowledges the need to shift from high growth rate to high-quality growth, which will be facilitated through the development of the digital economy.

This strategy aligns with the global perspective, as understanding the development of the digital economy requires both a national and global outlook. Inequality of wealth in China is a significant problem that needs to be addressed. However, the digital economy can also serve as a key force in tackling this issue.

By leveraging the opportunities offered by the digital economy, measures can be implemented to reduce wealth inequality and promote inclusive growth. The development of the digital economy has had a profound impact on social fairness and justice. It has created opportunities for small and medium-sized enterprises (SMEs) to compete with larger traditional companies.

The digital economy has transformed consumer behaviour, providing better price-performance ratios and value creation. It has also elevated consumer rights and provided platforms for international brands to enter the Chinese market. Despite the challenges faced, the digital economy has shown resilience and growth.

Even during the severe COVID-19 pandemic in 2020, 2021, and 2022, the digital economy in China continued to present significant growth rates and contribute to the GDP. This showcases the capacity of the digital economy to adapt and thrive in the face of sudden disasters and epidemics.

It is important to note that the development of the digital economy goes beyond its economic dimension. It influences social interactions, social governance, and data flow. It requires the introduction of new social governance or digital governance paradigms to effectively address the challenges that arise.

The digital economy has also diversified the value system and ushered in new challenges in terms of social governance. In conclusion, China’s digital economy has experienced unprecedented growth, contributing significantly to its GDP. While there are challenges to overcome, such as cultural adaptation and global cooperation, the development of infrastructure and international cooperation are key in promoting the digital economy.

Action plans need to be designed to tackle challenges, ensuring equal participation and development rights, and addressing wealth inequality. The digital economy has had a profound impact on social fairness, consumer behaviour, and consumer rights. It has also shown resilience and growth, even in times of crisis.

Overall, the digital economy plays a crucial role in China’s economic development and requires both a national and global perspective.

Arguments

Beijing is a leading city in digital economy development

Supporting facts:

• According to the Digital Cities Index 2022 Beijing ranks third among the 30 cities in the world in digital economy.

• In 2021 Beijing’s digital economy development and digital competitiveness ranks first in China.

Topics: Digital Economy, Economic Development

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Beijing’s digital economy has significant impact on its economic growth

Supporting facts:

• From 2015 to 2022, the added value of the digital economy in Beijing increased from 871.9 billion yuan to 1.7 trillion yuan.

• In the first three quarters of this year, digital economy accounted for 44.3% of Beijing’s GDP.

Topics: Digital Economy, Economic Growth

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Beijing is at the forefront of technology advancement

Supporting facts:

• Beijing ranks first in China in the industrial scale of core industries such as artificial intelligence, blockchain, industrial internet, and digital human.

• Eight of the Forbes’ top 100 digital companies list are based out of Beijing.

• The high-level self-driving demonstration zone 3.0 has started the construction of 500 square kilometers.

Topics: Technology Advancement, Digital Economy

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Beijing invests in digital infrastructure for smarter city foundation

Supporting facts:

• As of the third quarter, the city has built a total of 104,000 5G base stations, with 27,000 new ones built in 2023.

• According to preliminary statistics, the city has reached a total computing power supply of 12,000 P.

Topics: Digital Infrastructure, Smart City

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Beijing drives the development of the data market

Supporting facts:

• Beijing has taken the lead in setting up the first pilot zone for basic data system in China.

• The data transaction scale of Beijing International Big Data Exchange exceeded 2 billion yuan.

Topics: Data Market, Digital Economy

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Report

Beijing is widely recognized as a leading city in the development of the digital economy, ranking third globally in the Digital Cities Index 2022. This highlights the city’s significant progress in leveraging digital technologies for economic growth and innovation. One key aspect contributing to Beijing’s digital economy dominance is its impressive growth in the added value of the sector.

From 2015 to 2022, the added value of Beijing’s digital economy increased from 871.9 billion yuan to a staggering 1.7 trillion yuan. This growth showcases the city’s ability to create a thriving digital ecosystem and its positive impact on overall economic growth. Beijing’s digital economy also plays a vital role in driving its economic prosperity, as it accounted for 44.3% of the city’s GDP in the first three quarters of this year.

This demonstrates the importance of the digital sector in creating decent work opportunities and fostering sustainable economic growth. Moreover, Beijing is at the forefront of technological advancement, with leading industrial scale in sectors such as artificial intelligence, blockchain, industrial internet, and digital human.

The city is home to eight out of Forbes’ top 100 digital companies, solidifying its position as a hub for innovation. In addition to its focus on technological advancement, Beijing has invested significantly in digital infrastructure to support the development of a smart city.

The city has built 104,000 5G base stations, with 27,000 new ones added in 2023. This investment ensures seamless connectivity and advanced digital services. Beijing has also driven the development of the data market by establishing the first pilot zone for the basic data system in China.

This initiative enhances data-driven innovation and availability of data resources across sectors. The success of the Beijing International Big Data Exchange, with a data transaction scale surpassing 2 billion yuan, underscores the city’s pivotal role in the data market’s growth. Overall, Beijing’s position as a leader in the digital economy, technology advancement, digital infrastructure investment, and driving the data market demonstrates its commitment to embracing digitalization for economic growth and sustainability.

The city serves as a model for others seeking to leverage the digital economy’s power for progress and prosperity.