Accurately Cognising the Digital Economy and Facilitating Its Healthy and Sustainable Development in China.

Abstract

There is no doubt that the digital economy has brought much convenience to our work and life, improving productivity and optimising social service and government efficiency. However, there are also quite a few problems in the development of the digital economy, such as fake and even malicious information flooding the internet and new media, counterfeit e-commerce, and the shocks to the economy and society brought about by the extensively advanced development of internet technologies and fintech. People lack an understanding of the digital economy, leading to criminal offences and economic offences. This paper presents an accurate review of the development of the digital economy and its extensive effects on social economic growth. It begins with the introduction of the digital econ- omy, with a profound influence on human productivity and people’s lives, plus an essential literature review. It explains the research materials and methods, as well as the structure of the article. It then explores the development law of the digital economy and inteprets the essence of the accurate cognition of the digital economy. Further, it traces the impact of the digital economy on society and emphasises the normalisation of the development of the digital economy. This is followed by a deep assessment of the service efficiency of the digital economy and building a new area for attracting investment. It examines the importance of the information transmission mechanism in avoiding the overlapping of digital isolated islands. The paper concludes with the premise of precisely defining the development stage of the digital economy so as to stimulate the iterative innovation of social economic development.

Keywords

• digital economy
• digital credit
• cognition
• iterative innovation
• sustainable development