Digital economy

Definition and stakes

People's Bank of China Progress on Research and Development of E-CNY in China (2020)

With the rapid development of digital technologies such as big data, cloud computing, artificial intelligence, blockchain and the Internet of Things, the digital economy has witnessed various new models and new businesses. Covid-19 has sped up digital transformation of people’s work and life, and online shopping, remote working and e-learning have become more active. The digital economy has expanded in its geographic coverage, and the less developed and remote areas have witnessed a rising demand for online financial services.
Source: Wikisource

People's Bank of China Progress on Research and Development of E-CNY in China (2020)

Background of research and development
1.1 The development of digital economy calls for new retail payment infrastructures that are safe, inclusive and adaptive to the digital era.
Currently, as the Chinese economy is shifting from high-speed growth to high-quality development, technological innovation represented by the digital economy has become an important driver of development.
Source: Wikisource

Office of the United States Trade Representative Special 301 Report (2015)

Challenges Affecting the Copyright and the Information and Communications Technology Sectors
Leveraging the power of the Internet, U.S. stakeholders continue to develop innovative business models that deliver content and services directly to consumers and businesses, support innovative business processes, and allow businesses to collaborate via new and efficient mechanisms. Increasingly, however, trading partners are creating obstacles that threaten continued growth and innovation by U.S. and other participants in the global digital economy.
Source: Wikisource

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