Advantages and challenges of China’s digital economy

Abstract

With the development of China’s digital economy, the overall scale of the digital economy is expanded, and its role in the national economy is more obvious. The rapid development of China’s digital economy is inseparable from the support of its own advantages. At the same time, the United States regards China as a competitor for the global development of the digital economy and starts to build a global plan to contain China’s digital economy. In this context, China’s digital economy is facing some challenges, which restricts the rapid development of the digital economy. Therefore, China needs to formulate targeted policies to promote the development of the digital economy based on the challenges faced by the digital economy and its own advantages