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Comparative analysis of strategies of Chinese companies in the digital economy

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  • I. V. Novikova
  • Kunchao Xie

Abstract

With the progress of science and technology, the world is experiencing rapid digital transformation, new technologies and new business models are developing, digital technology and traditional industries are expanding their integration and involvement levels, and the economies and societies of various countries are increasingly entering the digital age. The overall scale of the world’s digital economy continues to grow, and the proportion of the digital economy is increasing, but the development between regions is uneven, and the problem of the digital divide is highlighted. The level of digital economic development is highly related to the overall level of economic development. The overall level of digital economy development in advanced economies is higher, the digital economy is larger, and the digital economy accounts for a higher proportion of the total domestic economy. It has entered a highly digitized stage, and the world’s major Internet companies and high-tech companies are also highly concentrated in these countries and regions. The article presents the results of a comparative analysis of the strategies of Chinese companies in the digital economy. The work was written in accordance with the strategy methodology of the Foreign Member of the Russian Academy of Sciences (Life-time), Dr.Sci. (Econ.), Professor Vladimir L. Kvint. The author pays considerable attention to the current state and forecasts of the digitalization of the Chinese economy, the connection between digital transformations and the growing need of the population to improve technologies that simplify their life. Based on statistical data, the author determines the advantages and disadvantages of existing digital technologies, states the deepening of their integration with the industrial sector. Analyzing the strategies of the largest digital campaigns, the author reveals the dynamics of the use of applications developed by them by citizens. In conclusion, a conclusion is made about the importance and rapid spread of digital technologies, as well as the need for states interested in their development to create conditions for the latter.

Suggested Citation

  • I. V. Novikova & Kunchao Xie, 2022. "Comparative analysis of strategies of Chinese companies in the digital economy," Russian Journal of Industrial Economics, MISIS, vol. 15(2).
    • Handle: RePEc:ach:journl:y:2022:id:1010
    DOI: 10.17073/2072-1633-2022-2-226-233
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    References listed on IDEAS

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    1. Xiaoying Ma, 2021. "The Chinese Economy," Springer Books, in: The Economic Impact of Government Policy on China’s Private Higher Education Sector, chapter 0, pages 31-57, Springer.
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