Theoretical Key Issues and Practical Development Trends of China’s Digital Economy
China’s digital economy has led to disruptive innovation and improvement in productivity, getting rid of over-reliance on heavy industry, breaking the trap of middle-income countries, laying the economic foundation for Chinese modernization, achieving overtaking in corners, and making China green and stable. It is a powerful economic power in the world. The integration of the digital economy with major industries and the innovation of the digital economy in various economic regions have promoted the development of new productive forces, especially in industrial upgrading, rural revitalization, institutional innovation, talent training, tourism development etc., and have achieved great success. Based on the background of industrial digitization and digital industrialization, my team began to conduct in-depth research on the successful experience of China’s digital economy and the focus of the development of new productivity. It also brings together the phased research results into this book, hoping to make a certain contribution to the development of social sciences in the world. This book is mainly divided into three parts. The first part (from chapter 1 to 4) discusses some key theoretical issues, especially the relationship between digital RMB and digital economy, free trade and digital economy, and digital education and digital economy. The second part (from chapter 5 to 17) is technical articles at the application level, which mainly shows the digital significance, methods and models in key areas in the digital economy era such as financial field, entrepreneurship, education, etc. The last part (from chapter 18 to 37) is an empirical analysis of the case, relying on factual data to prove that the combination of the digital economy and various industries has produced important cases that promote social progress. Our research scope is mainly China, including provinces and cities. The research content covers most areas of the digital economy, ranging from industry to finance. The depth and innovation of the research are mainly digital theory and case analysis under industrial thinking. We all know that there is no end to social science research in China. Our research is just the tip of the iceberg. Broader and deeper research is worthy of our lifelong efforts. Finally, as the editor-in-chief of this book, I need to thank my team members. They are the authors of various chapters and also my friends. Their names are Jinfang Li, Yingbo Lyu, Xuehai Lyu, Jiacheng Lyu, Jiming Yang, Minqi Zheng, Zhennan Wang, Jiajun Yin, Yuxin Wang, Chenxi Min, Hao Su, Daliang Gao, Guanghua Chen, Qianwan Xu, Zhiyao Cao, Guangmin Zhu, Aopeng Li, Zhehao Lei, Yueting Liu, Baoshuai Liu, Yiqian Wang, et al. At the same time, I would also like to thank my family members and Sanya University for your strong support. Without you, it would be difficult for my work to go so smoothly. Notably, this book is funded by Hainan Provincial Social Science Fund Project [HNSK(QN)23-98] and the Key Laboratory of Financial Innovation and Multi-Asset of the Key Laboratory of Philosophy and Social Sciences of Hainan Province in China, the special training project for young and middle-aged teachers in scientific research at Sanya University (USYJSPY24-38), the special training project for young and middle-aged teachers of Sanya College (SYJPZQ2024045).
Digital Economy, Digital Currency and Leverage Effect in the Post-epidemic Era
This paper highlights the inescapable trend of digital currency growth by examining past currency patterns and explores the ties between digital currency and the digital economy. This report predicts the future improvement trend of digital money using China as a case study. China created the digital currency in the middle of the rapid expansion of private cryptocurrencies with the intention of supporting the digital economy and pledging to bring the digital renminbi and the digital economy worldwide. In 2022, China entered a cycle of loose fiscal and monetary policy, while Europe and the US were still enduring stagnation. China views digital fiat money and digital economic development as a breakthrough to drive the transformation of the current economic system, new inventive growth, and the safety of the whole supply chain in the context of the scissors gap. It has become one of the forefront countries in the digital field, with numerous experiences that can be learned by countries around the world. A mature financial service system and financial market allows the free exchange and circulation of currency, and even a mature and stable currency derivative trading market enhances the resilience of the currency ecosystem. This paper also creates the concept and calculation formula of the e-CNY Index, sets the year 2022 as the first year of the e-CNY with the initial value of the index at 100; it also gives suggestions for creating and calculating the China-style Digital Economy Index. The importance of these indices as new tools for tracking and evaluating the digital macroeconomy in China is presented, providing a promising direction for future in-depth research on digital fiat currency. Finally, the article conducts empirical data analysis from the perspective of China's digital renminbi, proves the promotion effect of digital legal currency with facts, and gives corresponding suggestions to government departments.
Copyright (c) 2024 Author(s). The licensee is the publisher (BP International).
This review provides a comprehensive analysis of China's free trade economy within the framework of modern Chinese-style modernization, offering insights into its strategic development and practical impact on the global economic stage. It delves into the evolution of China's economic policies, highlighting the country's transition from a traditional economy to one that actively embraces free trade principles. The study evaluates the effectiveness of China's free trade policies, comparing them with other economic models such as those of Singapore, Hong Kong, and the Hainan Free Trade Port. The findings underscore the significance of these policies in enhancing China's economic growth and its role in shaping international trade dynamics. The article also discusses the broader implications of China's free trade economy for sustainable development and its alignment with the 17 Sustainable Development Goals. It emphasizes the importance of institutional innovation, legal reforms, and the integration of urban and rural development to achieve balanced and inclusive growth. Furthermore, the review suggests that China's approach to free trade can serve as a model for other nations seeking to bolster their economies through increased openness to international trade.
The Artistic Approaches in Managing the Limited Sources of Financing for the Stability of Start-ups
In the process of start-up from scratch, the most important things are resource acquisition, integration, redistribution and protection. It can be said that the creation history of every start-up company is a performance history of resource management art. From three dimensions of resource management, venture financing and intangible assets management, this paper demonstrates and analyzes the concept, content, type and strategies to deal with different targets of resource management. Moreover, it extracts several typical failure cases in the history of start-up economy, and analyzes the crisis caused by entrepreneurs' inappropriate management of resources with examples. Hope to give future entrepreneurs some inspiration and help to improve the success rate of entrepreneurship.
The Law of Competition in Digital Lean Startup
This paper discusses in detail the "law of the jungle" for startup success from five aspects, namely, risk identification (opportunity identification and shaping), tribe building (team building), combat readiness (technical product customer market), planning blueprint (business model expansion) and initial counter-attack (lean startup). Based on multiple case studies, it is explained how to achieve success in these areas. In the entrepreneurial process, opportunities need to be identified, a team needs to be built, initial validation of product technology and market needs to be conducted, business models need to be developed, and a keen sense of observation needs to be maintained. Determining the product or technology path includes short-term, mid-term, and long-term goals and plans, which helps entrepreneurial companies effectively attract capital, resources, and capabilities. The article emphasizes how businesses should build their business blueprints through expanding profits, using business model tools, and promoting sustainable development.
Shenzhen Digital Economy Development Model
Shenzhen is seizing the strategic opportunity of global innovation resources transfer, focusing on high-end and high-quality scientific and technological innovation resources. Efforts are being made to increase the absorption of top talent, institutions, and advanced technological achievements. Implementation Drum—Encourage the preferential policies for R&D investment of multinational corporations, and actively introduce multinational corporations to the Asia-Pacific region. However, the cost of innovation in Shenzhen is very high, ranking fourth in the country, behind only Guangzhou, Beijing, and Shanghai. Shenzhen's strategic goal is to build a world-class scientific and technological innovation center with global influence.
Advanced Mathematical Analysis of ‘The Roller Conduction Effect’: Insights from Stock Market Data
Within the aftermath of the pandemic, patterns of consumption recovery exhibit distinct temporal and spatial dynamics, and various criteria evaluate different consumption sectors. Analyzing A-share data during the initial four months of 2022, this study in quantitative terms assesses the rotational shifts among different consumption sectors as their valuations approach rational levels. Through the innovative categorization termed "sensory-based consumption," the explanation is provided for digital consumption as a mechanism facilitating consumption enhancement and its link to elevated valuation targets, accompanied by examining the "echo transmission effect. "This paper explores the laws governing the period for consumption recovery and valuation normalization through the lens of spatial-temporal transmission. The findings reveal that consumer confidence rebounds slowly in the initial recovery phase. During this stage, A-shares were primarily influenced by stock capital manoeuvers, with a clear pattern of sector rotation evident. Understanding this pattern is crucial as it aids policymakers in refining policy direction and equips financial investors with insights for optimizing investment strategies. However, the limitation of this study lies in its exclusion of the ripple effects across the global financial markets and the need for more robust mathematical models to define better stock fund dynamics, which will be the primary focus of future research by the author.
Enhancing the Tourism Industry in the Post-Pandemic Era: Through Leveraging the Effect of China’s Digital Fiat Currency
After the COVID-19 epidemic, the global tourism industry has suffered a huge blow and has entered a long road to recovery. This study sought to investigate the impact of digital yuan (e-CNY) in driving consumption. By constructing a regression model using data related to consumer power, this paper examines the effect of digital RMB in promoting consumption. The findings indicate that the development of digital RMB has a positive influence on boosting consumption, effectively enhancing the purchasing power of Chinese residents, and facilitating high-quality economic growth in China. This study seeks to analyze the factors influencing consumption promotion through the use of digital RMB in the market application and propose targeted improvement measures based on the significance of these factors. This will help promote more effective utilization of digital RMB, cater to a broader user base, and steadily advance its development process. Starting from the concept of system design, the article designs the characteristics, methods, circulation methods and leverage of Singapore's digital legal currency in detail, quantifies the economic index of Singapore's tourism industry, and obtains reliable policy suggestions. Finally, the article conducts empirical data analysis from the perspective of China's digital renminbi, proves the promotion effect of digital legal currency with facts, and gives corresponding suggestions to government departments.
Entrepreneurial Resources and Intangible Assets Management
This article explains the three crucial facets of enterprise entrepreneurship execution: asset management, strategic alignment, and immaterial asset management. It underscores the necessity to procure and combine entrepreneurial resources, encompassing key and auxiliary resources, venture financing methods, and the four paramount types of intangible assets. The article proposes that entrepreneurs should diligently safeguard their intangible assets and intellectual property to enhance their competitiveness.
Chinese Company QuantumCTek Analysis and Improvement: Business Plan Case Study
Quantumctek is mainly engaged in the research and development, production, sales and technical services of quantum secure communication products. It is the quantum equipment provider of the world's first long-distance quantum secure communication trunk line "Beijing-Shanghai Trunk Line", "National Wide Area Quantum Backbone Network (Phase I)" and other projects, and participated in the construction of "Micius" quantum satellite secure communication ground station. Google's Gidney and Ekera have shown how a quantum computer could use 20 million qubits to break RSA encryption, now the most widely used, at 2048 bits. They demonstrated that such a device could be in just eight hours. In the future, the company must build a platform, continue to open API ports to market forces, gradually establish a complete industrial value chain, and realize the high growth of network effects as soon as possible.
An Analysis of Hainan Province Tourism Development
Yalong Bay International Rose Valley Scenic Spot in Sanya is a comprehensive tourist destination that combines the beauty of nature and humanistic feelings. With the core theme of "beauty, romance and love", relying on the natural features of farmland, reservoir and mountain forest, and centered on colorful roses, it has created a large-scale comprehensive scenic spot integrating rose planting, cultural display and tourism and leisure. It is the largest rose valley in Asia. As a tourist city in China, Sanya's tourism industry has contributed significantly to its GDP. In recent years, tourism revenue has been accounting for more than 60% of Sanya's GDP. Although the COVID-19 pandemic has reduced the proportion since 2020, tourism revenue still accounts for more than 50 percent of Sanya's GDP. It is crucial to reinforce governmental oversight, enhance the tourism service framework, fortify the monitoring of the corporate marketplace, and propel Hainan's tourism sector to an elevated echelon. By integrating our unique regional culture into this process and crafting a distinct tropical island brand persona, can significantly augment Hainan's GDP.
Phoenix Media Stock Price Forecasting: Econometric Case Study
With the rapid development of information technology and the high openness of financial markets, investment activities have become more complex and diversified. In this complex and changeable investment environment, predicting the rise and fall of stock prices has become one of the important tasks of investors and financial institutions. However, the volatility and uncertainty of the stock market make the stock price prediction unusually difficult. This paper aims to empirically analyze the prediction of the rise and fall of Phoenix Media stock through the analysis method based on the random forest model. In this study, we developed a random forest model and trained and optimized the historical Phoenix Media stock data, and then applied the model to the new data set to predict the rise and fall of Phoenix Media stock. The effectiveness and performance of the random forest model in predicting Phoenix Media stock are verified by evaluating the accuracy and stability of its prediction results and comparing them with those of traditional stock prediction methods. This study aims to make contributions from both aspects of theoretical and practical application. The structure of the article first outlines the background and objectives of the research and clarifies its value to relevant academic fields at home and abroad. Subsequently, the study conducted an in-depth system requirements analysis to clarify the requirements of the system. Then, the development environment and the tools selected were described in detail, and four key modules were successfully realized, including data preprocessing, random forest model construction, model training and verification, and prediction results presentation. In the conclusions, the study objectives, implementation steps and challenges were reviewed, and corresponding conclusions were drawn. After empirical analysis, the method based on the random forest model has certain accuracy and reliability for the rise and fall prediction of Phoenix Media stock, which provides a valuable reference for research in this field.
Analysis of Startup Lightning Expansion Business Strategies in China
This paper delves into the concept of Lightning Expansion, a strategic approach inspired by the Blitzkrieg strategy employed during World War II. By examining the rapid expansion of enterprise scale and market area, Lightning Expansion aims to create industry leaders through economies of scale and market globalization. Utilizing the example of Pinduoduo, a high-growth e-commerce company in China, the study discusses the success factors that align with the principles of Lightning Expansion.
Study on the Allocation and Development of Tourism Resources in Sanya
Sanya, located in the southernmost part of Hainan Island, is a famous tropical coastal tourism city in our country. In the past 30 years, since the establishment of the provincial special economic zone, Sanya has rapidly grown from a small border town to a tourism and leisure resort with a high reputation and reputation. This paper began with the resource allocation and development of Sanya's tourism industry to discuss the development status quo of Sanya's tourism industry, the existing problems and the corresponding liberation plan.
The Policy and Practice of Optimal Allocation of Tourism Resources in Sanya
This paper takes Sanya City of Hainan Province as the research object and discusses how to realize the optimal allocation of tourism resources through the optimization of government policies, scenic spots themselves, supporting services and other aspects. Through the analysis of relevant data and diagrams, this paper expounds on the joint role of government policies, the planning and construction of scenic areas and the supporting service system, which provides theoretical support and practical guidance for the sustainable development of tourism in Sanya City.
Research on the Optimal Allocation of Sanya's Tourism Resources
This paper studies the optimal allocation of tourism resources in Sanya through an analysis of the distribution and characteristics of various tourism resources in the city. By combining the needs of tourists and market demands, the best resource allocation scheme is determined. In this scheme, a variety of tourism resources are rationally matched to form a diversified and comprehensive tourism product line. This method of resource allocation not only attracts more tourists to Sanya, promoting the development of the local tourism economy, but also maximizes the protection of the local natural environment and cultural heritage, achieving sustainable development.
Correlation Study of Sanya Tourism Resource Vitality under Econometric Perspective: An Insight from the Case of Yalong Bay International Rose Valley
As an oceanic resort city, Sanya's economic growth is driven by tourism, fueled by its unique natural landscape. Following the pandemic, tourist arrivals have escalated annually, widening the tourism sector's footprint. Balancing tourism demand and optimizing resource allocation across various attractions poses challenges. This paper examines such objectives by exploring government strategies, scenic features, and support services. Using multi-linear models, goodness-of-fit metrics, and factor analysis, the study concludes that revitalizing rural niche attractions under supervision is vital for achieving efficient distribution of tourism resources.
Strategic Analysis of the Resource Management and Financing for Start-ups
Background: In the creation of a startup, the pivotal elements are the acquisition, integration, redistribution, and protection of resources. Each startup's journey reflects a narrative in the art of resource management. Methods: This paper conducts an analysis of the concept, content, type, and strategies of resource management, with a focus on three primary dimensions: resource management, venture financing, and management of intangible assets. The analysis is supplemented by reviewing several typical failure cases in the startup economy to illustrate the consequences of inadequate resource management. Results: The review highlights that improper resource management has been a common factor in the failures examined. By exploring these failures, the paper identifies key missteps and missed opportunities that contributed to the downturns of these startups. Conclusion: With these insights, the paper provides future entrepreneurs with valuable lessons and strategies to enhance the success rate of their ventures, emphasizing the critical role of effective resource management in the startup ecosystem.
A Company Research Report on Digital Transformation
It is no surprise that research on digital transformation (DT) has raised vast interest among academics in recent decades. Countries, cities, industries, companies, and people all face the same challenge of adapting to a digital world. Digital transformation (DT) has gone from being a technological opportunity to a pure necessity for managing the needs and expectations of the world’s growing population. With all of this in mind, it is not surprising to observe an increasing number of researchers from different management and business fields such as accounting, marketing, entrepreneurship, or manufacturing interested in contributing to the topic of DT and its evolution. It also shows that expectations are high, with initial reviews of the topic already available. The company's innovation point: the product has a unique filtration and purification dual effect. The activated carbon-based plant fiber filtration material has been successfully industrialized from trial production on a laboratory scale to the large-scale production of hundreds of tons. Give full play to the high-efficiency adsorption capacity of nano-activated carbon powder, and greatly reduce the amount of activated carbon in drinking water purification filter elements.
The Influence of Digital RMB on the Digital Rural Revitalization of Hainan Province
With the virtual development of the digital economy, the promotion and use of digital RMB, as an emerging digital currency, plays a significant role in the implementation of China's rural revision strategy. Taking Hainan Province as an example, this paper discusses the impact of the promotion of digital RMB on the digital revision of rural areas in Hainan Province. Through an in-depth analysis of the current situation of digital rural construction in Hainan Province, and combining the characteristics of digital RMB, this study reviews the positive role of digital RMB in promoting the conservation of rural financial services, enhancing the vitality of the rural economy, and improving the digital skills of rural residents. This paper uses the case study method to examine the practical situation of digital RMB promotion in some rural areas of Hainan Province in detail. By collecting and analyzing relevant data, it shows the application effect of digital RMB in promoting the construction of digital villages in Hainan Province. The research results show that the promotion of digital RMB has a significant impact on improving the popularity of rural financial services, promoting the development of rural e-commerce, and enhancing farmers’ income. It has important reference value for advancing the rural revision strategy in Hainan Province and even in China as a whole. This paper also discusses the problems and challenges in the promotion of digital RMB and proposals corresponding to policy recommendations.
The Impact of Fiscal Expenditure on the Regional Economy
As China's economy has entered the new normal, the economic growth rate has changed from high-speed growth to medium-high-speed growth, and the development has changed from quantity to quality. Economic development is facing severe domestic and international situations, economic globalization is facing great challenges, multilateralism has been impacted, unilateral trade protectionism is on the rise, the international financial market has also been shaken, and the trade friction between China and the United States has further escalated. In the economic transformation, China is faced with a series of difficult problems, such as cyclical structure, and uncoordinated regional development. To achieve the two centenary goals and complete the building of a moderately prosperous society in all respects. The Yangtze River Delta economic circle and Sichuan-Chongqing economic circle, as the coastal and inland economic areas, have developed into the region with the strongest comprehensive strength and significant strategic supporting role in China. This paper selects the data from 2011 to 2020, explores the relationship between fiscal expenditure and economic growth of the two places through empirical analysis, and gives suggestions on economic growth according to the empirical results.
Hainan Free Trade Port Leverages Digital Economy for Rural Revitalization
Background: Established in 2018, Hainan Free Trade Port has capitalized on its advantageous geographic position and abundant natural resources to push forward trade liberalization and facilitation, capturing global attention. Concurrently, the digital age has ushered in transformative changes across the global economy, positioning the digital economy as a pivotal force in this evolution. Methods: The Free Trade Port aligns with a national strategy aimed at enhancing globalization efforts, which includes attracting more domestic and foreign investments and superior resource influxes. In parallel, the application of technologies such as big data, cloud computing, and artificial intelligence within the digital economy is revolutionizing traditional industries by increasing productivity and improving product quality. Results: The integration of advanced digital technologies has notably improved agricultural modernization, rural governance, and income growth for farmers, underscoring the digital economy’s unique benefits in the context of rural revitalization. Conclusion: As the Hainan Free Trade Port continues to develop, it is positioned to become a frontrunner in the globalized economic landscape, bolstered by both its strategic initiatives and the burgeoning digital economy. These efforts collectively contribute to a robust platform for sustained economic growth and development.
Econometric Study: Impact of Digital Economy and Financial Inclusive Policy on China's Rural Revitalization
With the increasingly mature development of internet big data and cloud computing, digital inclusive finance—an emerging form of inclusive finance closely related to these technologies—plays a crucial role in promoting rural development. Through the clever use of network technology, including computer "information processing", "data communication", "big data analytics" and "cloud computing" and other cutting-edge technologies, digital inclusive finance not only realizes the extensive sharing of information but also significantly reduces financing costs and difficulty. This innovative model effectively expands the coverage of financial services and makes full use of the advantages of digital finance, such as sharing, security, low cost and low entry threshold. By integrating cutting-edge technologies such as big data, cloud computing and artificial intelligence, a financial management system was built based on big data, so as to comprehensively improve the level of financial management. These measures have injected new vitality into rural development and provided more convenient and efficient financial services for farmers. Focusing on the two core issues of digital inclusive finance and rural revitalization, this paper puts forward a series of specific strategies in view of the four challenges of the digital divide, weak development foundation, imperfect credit system and lack of digital financial literacy. At the micro level, the study will promote enterprise research and innovation, encourage residents to start businesses and find jobs, and increase residents' disposable income, so as to consolidate the economic foundation of rural revitalization. At the macro level, the study will promote regional financial development, eliminates the income gap between urban and rural areas, alleviate the income gap between regions, and provide strong financial support for rural revitalization. In order to achieve the strategic goal of rural revitalization, it is necessary to comprehensively promote the in-depth development of digital inclusive finance, provide all-round support for rural revitalization, and actively explore a new path supported by inclusive finance. The research results of this project will provide solid theoretical support and practical guidance for the solution of major problems such as the implementation of a rural revitalization strategy and accelerating the construction of new countryside.
Financial Innovations and Its Effects on Economic System
In recent years, as China's economy has transitioned from a high-speed growth phase to a high-quality development phase, financial innovation has been recognized as one of the key drivers for economic advancement. The 19th National Congress of the Communist Party of China (CPC) outlined crucial strategies for promoting high-quality economic development, with financial innovation being regarded as a pivotal means to achieve this objective. Against this backdrop, conducting in-depth research on the impact of financial innovation within the financial system on economic advancement is of significant importance. In China, financial innovation has emerged as a critical driving force for promoting economic development and enhancing economic quality. The Chinese government actively promotes financial reform and innovation, striving to build a more open, transparent, and robust financial system to enhance the capacity of financial services for the real economy. This effort aims to accelerate the transformation of the economic development model and achieve high-quality economic development. Nevertheless, the mechanisms through which financial innovation impacts the economy remain not fully understood, necessitating further investigation. This study aims to systematically review and empirically analyze the impact of financial innovation on China's high-quality economic development. Through this research, the theoretical foundations and decision-making support were provided to guide financial innovation, expedite the construction of a financially strong nation, and promote high-quality development. This paper identifies the positive impact and important role of financial innovation on economic growth and puts forward relevant suggestions to decision-makers.
China's Digital Finance Revolution: Boosting Consumption Levels and Structures
The upgrading of residents' consumption is the key to driving economic development towards high quality, and the promotion of a further increase in the level of China's residents' consumption is conducive to the normal functioning of China's economic internal cycle and is also an important driving force for the high-quality development of the economy. However, with the epidemic, international geopolitics and other environmental impacts, China's residents have undergone major changes in consumption, the trend of expanding the scale of consumption is prominent, and consumption continues to improve the quality of upgrading, the transformation trend is obvious. In-depth study of digital finance how to promote the level of upgrading of residents' consumption, and explore its relevant impact path, so as to establish an effective promotion mechanism for residents' consumption, not only can provide strong support for China's sustained economic growth, but also meet the needs of our people for a better life. This study investigates the influence of digital finance on the consumption level and structure in China using a panel data analysis approach from 2011 to 2020. The methodology encompasses the construction of regression models to examine the direct and indirect effects of digital finance on consumption patterns and levels. The findings indicate that while digital finance significantly enhances the consumption level of Chinese residents, it also reshapes the consumption structure, leading to a more diversified allocation of consumer expenditures. The positive impact on consumption level is attributed to increased financial inclusion and accessibility, enabling broader participation in the digital economy. Conversely, the negative impact on consumption structure is due to the shift towards online transactions and digital services, which may reduce spending on traditional goods and services. These insights are crucial for policymakers aiming to harness digital finance for balanced economic growth and consumption upgrading.
Digital Economy Empowers the Rural Revitalization of Hainan Free Trade Port - Take the Agricultural Development of Hainan Province as an Example
As agricultural development enters modernization, it has developed a high degree of innovation dependence on the digital economy model. The digital economy has the advantages of fast channels, extremely fast sales, convenient transportation, and efficient inventory, which has enabled agricultural output and demand to reach a new high level of balance. Taking the agricultural development in Hainan Province as an example, this paper empirically studies the enabling mechanism and effect of the digital economy model on the agricultural economy.
Effect of Digital Economy on Rural Revitalization of Hainan Free Trade Port
This study comprehensively explores the impact of the digital economy on rural revitalization in Hainan Free Trade Port. It aims to analyze the current state of digital economy development and its contributions to economic growth, employment opportunities, and improvement of social services in Hainan's rural areas. Economic data, digital development indicators, and rural revitalization-related data were collected, and statistical analysis methods were employed to evaluate the effects. The results underscore the significant role of the digital economy in promoting rural revitalization in Hainan, highlighting the potential for agricultural modernization, financial service improvement, talent training, income growth, and governance efficiency.
Digital Economy Enables Free Trade Port Rural Revitalization
This article selects 351 data from six cities in Hainan Province, including Haikou, Sanya, Wanning, Lingshui Li Autonomous County, and Wenchang from 2010 to 2022, as well as eight townships including Hedong District, Hexi District, Haitangwan Town, Tiandu Town, Fenghuang Town, Tianya Town, Yacheng Town, and Yucai Town. The corresponding digital finance and digital transformation data are matched, and a multiple linear regression analysis model is constructed, analysing the impact of the digital economy on the development of the rural economy in free trade ports [5]. According to data research, the development of the digital economy has a significant positive impact on the growth of the rural economy in the free trade port. Among them, digital infrastructure construction such as medical digitization, digital technology applications such as internet celebrities, e-commerce economy, and digital talent cultivation are key driving factors [2]. In addition, the digital economy has had a positive impact on the rural revitalization of the free trade port by promoting industrial structure upgrading, improving labor productivity, and improving the ecological environment. Secondly, this article empirically verifies the impact of the e-commerce economy on the rural revitalization of free trade ports. At the same time, this article also found that the impact of the digital economy on the rural revitalization of free trade ports has certain regional differences, that is, in areas with higher levels of digital economy development, its promotion effect on rural revitalization is more obvious. Finally, this article proposes policy recommendations to fully leverage the role of the digital economy in the rural revitalization of the free trade port.
Bridging the Gap: E-commerce and the Rise of Rural Economies in Free Trade Zones
The integration of the digital economy and rural development is pivotal for the comprehensive advancement of the economy. This study examines the impact of the digital economy on rural revitalization within the context of Hainan's Free Trade Port, as outlined on July 1, 2021. Utilizing panel data analysis from all 16 Hainan districts, two hypotheses were proposed: the proliferation of the internet accelerates the digital economy and fosters rural rejuvenation, and enhanced talent quality elevates rural GDP. Empirical evidence supports these hypotheses, highlighting the digital economy's role in rural revitalization. Theoretical and practical implications suggest leveraging digital platforms to enhance agricultural marketing and advocating for e-commerce literacy programs to empower rural communities. The study concludes that strategic investments in digital infrastructure and talent development are essential for sustainable rural development, offering valuable insights for policymakers aiming to bridge the urban-rural divide in the digital era.
Research on Two-way Promotion Mechanism of Digital RMB and Digital Economy
The two-way promotion mechanism between digital RMB and the digital economy is a research topic of great concern in the field of fintech. From the perspective of promoting the development of the digital economy, the promotion and application of digital RMB can promote the intelligentization, convenience and security of payment methods, and provide a more efficient and convenient way for data circulation. This convenience will help expand the e-commerce market scale and activate consumer demand, and at the same time provide new ideas and support for the transformation and upgrading of traditional industries. Secondly, the digital economy also plays a key role in digital currency innovation. Due to the large volume and fast speed of the digital economy, an instant and low-cost payment system is needed. By analyzing the mutual influence of digital RMB on the development of the digital economy and digital economy on digital currency innovation, this paper uses empirical analysis and intuitive data to reveal the inseparable connection and interaction between the two, aiming to explain the relationship between digital RMB and digital economy that is mutually complementary, symbiotic and prosperous. Through an in-depth discussion of the technical, policy and market factors covered by the close relationship between the two, it provides a theoretical basis for building a more healthy, stable and dynamic modern financial ecosystem.
The Case Study of China Construction Bank about Fintech
With the combination of finance and technology, more and more financial companies have emerged, more and more technologies have been applied to the financial industry, and the financial technology ecosystem has also begun to take shape. However, under the circumstances of deepening financial openness, increasing risks and a strict supervision environment, China's commercial banks are facing new challenges in the development of the industry. In the financial market, commercial banks as the main body of the market, but also the key to financing, its operation and our country's financial market and the quality of economic development are closely linked. For a long time, China's commercial banks have had some shortcomings in the concept of innovation and innovation ability, as well as weak asset allocation ability and slow updating of product and service varieties. In order to improve their profitability, they must change their business thinking and innovate their business model. Some commercial banks have realized the importance of financial technology in the development of the banking industry, and in order to enhance their competitiveness, they have begun the development and transformation of financial technology. Therefore, standing in the background of the development of financial technology, this paper analyzes the operating mechanism of financial technology in China's commercial banks and discusses the transformation and upgrading of commercial banks through financial technology, which will be helpful to improve the operating conditions of banks, deepen financial services and expand the breadth of services. Firstly, the article defines the connotation of financial technology, and the boundary between it and other concepts, and then makes an in-depth analysis of the development prospect of financial technology in China and related theoretical mechanisms. And through the case study of China Construction Bank, proves that the rapid development of financial technology has improved the operation of commercial banks and made it become a new economic growth point. Finally, it is of great significance to improve the operating conditions of China's commercial banks through the study of the management concept of commercial banks, the improvement of bank operation methods, and the enhancement of financial technology capabilities.
Research on the Influence of Digital Renminbi on Consumption Promotion
This paper uses empirical analysis to study the impact of digital yuan on consumption promotion in China from 2019 to 2023. Based on the data, this paper establishes an empirical model to analyze the impact of the implementation of digital RMB on China's economy and consumption. In addition, this paper also explores how the digital RMB can better fit into the social economic market and practical supervision in today's economic environment. The results show that the trial implementation of digital RMB has a significant positive impact on China's consumption and economic development, that is, under appropriate policies and supervision, the implementation of digital RMB project is beneficial to economic development and consumption promotion. This conclusion shows that the development and implementation of the digital RMB project in China is effective, and the actual demonstration of its internal economic principles and effects is quite discussible.
Analysis of the Fifth Free Trade Think Thank Forum Paper in 2023
In December 2023, the Hainan Federation of Social Sciences (CASS) and China Society of Policy Sciences held the fifth China Free Trade Think Tank Forum in Sanya, Hainan Province. A total of 104 papers from various think tanks, key laboratories and social science research bases across the country were collected. Based on the five dimensions of institutional innovation, this paper takes the seven-spiral system view of "government, industry, university and research fund consumption", uses the bibliometrics method and artificial intelligence tools to semantic segmentation of the forum results, and generates the cross-section data of the research hotspots of Hainan Free Trade port in 2023. This paper summarizes and comments on the research status from multiple dimensions such as keyword correlation heat, research direction classification and research content clustering. It is suggested that the free trade port explore the development road of benchmarking advanced digital economy model outwards and accelerating rural heterogeneous innovation internally.
Consumption Recovery, Digital Economy and Green Transformation in the Post-Pandemic Era
This paper examines the dynamics of consumption recovery, the digital economy, and green transformation in the post-pandemic era. Drawing insights from Singapore and Hong Kong, a framework for evaluating recovery patterns in the consumption sector was proposed. The findings reveal both temporal and spatial trajectories of consumption recovery, initially favoring high-end tourism before shifting towards local services. To enhance understanding, a sensory-based classification of consumption with six dimensions was introduced: Tasting, Seeing, Hearing, Touching, Smelling, and Mixed Senses. This classification shows distinct valuation weights among these categories; Seeing and Hearing rank highest. Digital consumption's critical role as a catalyst for sector growth was highlighted. To quantify this impact effectively, a digital consumption index was proposed alongside indices for digital RMB and China’s unique digital economy model—offering nuanced insights into how digital consumption drives economic expansion. Our analysis of China's 2022 economic performance combined with 2023 government policies illustrates that digital consumption can upgrade consumer behavior while representing higher valuation targets. Middle- to high-income groups have shown resilience in spending habits; however, significant untapped potential exists among lower-income demographics—especially farmers—for future growth. To leverage this potential, strategies to enhance income levels and expenditure capabilities among farmers through digital RMB vouchers were recommended while addressing their specific high-consumption needs. The research emphasizes tackling income disparities while guiding upgrades across all income brackets—particularly within lower-income segments—to facilitate sustainable economic recovery. In conclusion, this paper offers an integrated perspective on consumption recovery by incorporating sensory classifications along with indices related to digital engagement and green transformation strategies. The findings provide valuable insights for policymakers, investors, and researchers aiming to cultivate a more inclusive economic landscape post-pandemic.
New Quality Productivity Development and Education Industry
The concept of "new quality productivity" has gained increasing prominence in the field of social sciences in China since 2024. It not only summarizes the experiences of reform and opening up, focusing on enhancing productivity and unleashing potential but also serves as an important macro-indicator for China's future development trajectory and innovation strategy. This concept embodies both historical continuity and future prospects. Simultaneously, the education sector is undergoing a crucial period of reform and innovation transformation as the cornerstone of national development. Educational methods and concepts are poised to undergo profound changes under the impetus of new quality productivity. This article comprehensively reviews the development of new quality productivity in the education field with the aim of summarizing achievements and exploring future directions. Since 2024, 3,442 academic papers on new quality productivity have been published, with 330 specifically studying its impact on education; however, most studies remain at a theoretical level with relatively fewer empirical studies. New quality productivity originates from historical scientific and technological revolutions—from mechanized production in the 18th century to the information technology revolution of the 20th century—each greatly enhancing human productivity and driving social progress. In pursuit of Chinese-style modernization in this century, continuous industry upgrading and innovative production modes are required; thus emphasizing that efficiency should be improved not only quantitatively but also qualitatively within educational processes and outcomes. Furthermore, this article analyzes characteristics such as innovation, digitization, cross-border integration, high-quality development etc., associated with new quality productivity. In terms of impact on science & technology education as well as educational technology within the education field itself.
Comprehensive Assessment of Consumption Potential
This study offers a comprehensive evaluation of the consumption potential among Chinese residents, focusing on elucidating consumer demand, behavior, and trends to forecast future market developments. Conducted by Wenbo Lyu, Yingying Duan, Yudie Yang, Jia Liu, and Jiayi Zhu from the Saxo Fintech Business School at the University of Sanya, this research is part of a specialized training initiative (SYJPZQ2024045) aimed at enhancing income mechanisms. The investigation employs multiple methodologies—including Grey Relational Analysis, Entropy Methodology, and Regression Analysis—to assess consumption potential across three primary dimensions: consumer base, consumption capacity, and consumption environment. Key findings indicate that consumption capacity—particularly national total income—emerges as the most significant determinant influencing consumer potential. Specifically, the analysis reveals that national total income exerts the greatest influence within the domain of consumption capacity; thus positioning it as a principal driver of consumer expenditure. Utilizing the Grey prediction model GM(1,1), forecasts for consumption potential over the next seven years are generated with an average relative error of 1.25%, indicating a high degree of fit. Projected consumption expenditures for these periods are anticipated to rise steadily from 668,567.996 to 984,043.249. This study delineates both advantages and limitations inherent in its evaluation model for assessing consumption potential. While it provides an objective and scientific foundation for decision-making through consideration of multiple factors, the accuracy and stability in predictions remain contingent upon data quality and scope of application. Consequently, the model's forecasts may diverge from actual conditions across different regions, industries, and demographic segments.
A Comprehensive Evaluation of Chinese Residents' Consumption Potential from 2010-2021
Household consumption holds significant importance within a nation's economy as one of its foremost constituents and serves as both a fundamental impetus for economic advancement and an ultimate objective. As China's socialist market economy continues to progress alongside improvements in living standards, there has been an expansion in Chinese residents' expenditure with enhancements made to its structure and quality while contributing increasingly towards economic growth annually. Consequently, household spending plays a pivotal role in our national economy. To foster sound progression in household spending necessitates implementing various measures such as elevating resident incomes, enhancing consumer environments, and bolstering market oversight amongst others; concurrently emphasizing comprehensive evaluations regarding resident spending potential will offer valuable insights for further enhancement.
A Forecast Analysis of the Gold Stock Price Using ARIMA Model
This paper proposes a time series method using the ARIMA model to forecast gold-stock prices. It involves data preprocessing, model building, tuning, prediction, and result analysis to guide investment decisions. The ARIMA model, with its selection and validation processes, demonstrates strong performance in predicting gold prices over four months. Comprehensive analysis considers macroeconomic, geopolitical, and market fundamentals influencing gold prices. The research emphasizes the significance of understanding and modeling gold's behavior for preserving wealth in a volatile financial landscape.