The Digital Silk Road as a tool for enhancing China's sectoral competitiveness

Kapustin N.A.1, Kapustin A.A.1
1 Московский государственный институт международных отношений (Университет) Министерства иностранных дел Российской Федерации, Russia

Journal paper

Russian Journal of Innovation Economics (РИНЦ, ВАК)
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Volume 13, Number 2 (April-June 2023)

Citation:

Indexed in Russian Science Citation Index: https://elibrary.ru/item.asp?id=54060731

Abstract:
This article provides a detailed analysis of the PRC's Digital Silk Road initiative in the context of its potential impact on the global economy. At the present stage, technology has become an important factor in the foreign economic competitiveness of states. The changing landscape of the global economy increases the importance of conceptual approaches to promoting innovation in global markets. The authors conduct an industry analysis of a number of key areas of implementation of the mentioned program, including wireless communication infrastructure based on 5G technology, electronic commerce and digital currency of the People's Bank of China (digital yuan). In addition, the approaches of the PRC to the development of specialized international standards are considered. Accordingly, within the framework of this research, a scientific task to determine China's approaches to using innovations to promote foreign economic competitiveness is being solved. The study will be of interest to international researchers, economists, as well as specialists in digital economy and international trade.

Keywords: digitalization, economy, competitiveness, e-commerce, China

JEL-classification: L81, O31, O33

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