Analysis of the Model and Mechanism for Integrated Development of the Digital Economy and the Real Economy

WANG Dingxiang , WU Weihua , LI Lingli

Front. Econ. China ›› 2024, Vol. 19 ›› Issue (2) : 226 -253.

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Front. Econ. China ›› 2024, Vol. 19 ›› Issue (2) : 226 -253. DOI: 10.3868/s060-018-024-0010-6
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Analysis of the Model and Mechanism for Integrated Development of the Digital Economy and the Real Economy

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Abstract

Promoting integrated development of the digital economy and the real economy is a strategic endeavor for China to bolster the burgeoning driving force of the real economy, establish a modern industrial system, achieve high-quality economic growth, and elevate international competitiveness. The essence of integrated development of the digital economy and the real economy lies in the restructuring and upgrading of input factors and production and operational models within traditional enterprises, enabling traditional enterprises to undergo a digital intelligence transformation and upgrade. This transformation is achieved by harnessing data factors, digital technologies, and digitalized intelligent products provided by the digital economy sector. In practice, the integration of the digital economy and the real economy takes place by incorporating digital technologies into the production and operational nodes of traditional enterprises, leading to the implementation of diverse integration modes, each with its own unique level of efficiency. At present, it is imperative for China to establish a division of labor and cooperation mechanism characterized by an efficient market and a proactive government to further promote integrated development of the digital economy and the real economy.

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digital economy / real economy / integrated development

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WANG Dingxiang, WU Weihua, LI Lingli. Analysis of the Model and Mechanism for Integrated Development of the Digital Economy and the Real Economy. Front. Econ. China, 2024, 19(2): 226-253 DOI:10.3868/s060-018-024-0010-6

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