Digital Economy and China's High Quality Development

Abstract

It is commonly believed that since the beginning of the industrial age, human beings have experienced three technological and industrial revolutions. These are: mechanization marked by the invention and use of the steam locomotive; Signs of electrification; Information technology represented by electronic technology. Every change in science, technology and industry has had a profound impact on the development of the world economy over the past decades and even centuries. As we all know, our country failed to seize the opportunities presented by the first two technological revolutions and economic globalization. Since the reform and opening up, followed by the third science, technology and industrial revolution, China has realized the leap-forward in the new round of economic globalization. With the emergence of new technologies such as artificial intelligence, cloud computing, big data and blockchain, the digital economy around the world has seen rapid development. Digitalization and intelligentization are the representatives of the digital economy. The new round of scientific and technological revolution and industrial revolution have attracted extensive attention from all over the world. Developing digital economy is of great strategic significance in promoting the high-quality development of Chinese economy and building new advantages of open economy.