|Table of Contents|

From planned economy to digital economy: a theoretical review of China's economic evolution since reform and opening up(PDF)

《长安大学学报（社科版）》[ISSN:1671-6248/CN:61-1391/C]

Issue:
2024年01期
Page:
17-30
Research Field:
马克思主义理论研究
Publishing date:
2024-03-06

Info

Title:
From planned economy to digital economy: a theoretical review of China's economic evolution since reform and opening up
Author(s):
HUANG Guan
(QU Qiubai School of Government, Changzhou University, Changzhou 213159, Jiangsu, China)
Keywords:
China's economic evolution;  digital economy;  theoretical review;  model comparative analysis;  economic activity organization model
PACS:
F49; F019.6
DOI:
-
Abstract:
To elucidate the backdrop of China's digital economy construction, the pressing issues necessitating resolution, and the institutional principles to be adhered to, this study undertook a review and categorization of pivotal adjustments in China's economy since the inception of reform and opening up. Through this examination, the underlying causes of contemporary economic trends and institutional frameworks in China were explored. Additionally, by conducting a comparative analysis of distinct methods driving economic growth and economic activity organization models, the study extrapolated their roles in shaping the trajectory of China's economic evolution, thereby unveiling the essence of reform and opening up and the evolution logic through the lens of evolving government macro-control focus. The research discerned that China's reform and opening up fundamentally entail a continuous process of recalibrating government planning and the market's allocation of economic activities based on prevailing technological conditions. It involves adapting different economic driving models in response to both domestic and foreign economic dynamics to propel China's economic growth. Furthermore, the study reveals that the construction of the digital economy epitomizes China's strategic utilization of novel technological advancements to address domestic and international challenges, rectify structural issues accrued in economic development, and foster industrial transformation and upgrading. This endeavor aims to contribute to shared prosperity and bolster the sustainability of growth. By comprehensively deploying digital infrastructure, China seeks to elevate the level of economic integration and enhance nationwide industrial structure optimization. Leveraging digital technology, efforts are directed towards bolstering the overall coordination of macro-control, facilitating the free flow and rational distribution of resources, and fostering the healthy development of the economy's dual-circulation dynamics.

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Last Update: 2024-03-06