What are the advantages and disadvantages of developing digital economy in China?

China has three advantages in developing digital economy, but it also faces the challenge that traditional industries lack the ability of independent innovation and technology research and development.

China has the following three advantages in developing digital economy: 1, and data advantage. Big data is a new factor of production, which is called "2 1 century oil". There are more than 10 billion netizens in China, which has produced a huge amount of data resources.

2. Talent advantage. China is a big country with human resources, and the number of innovative talents is absolutely high, so it has talent advantages in research and development.

3. Market advantage. China has the most complete industrial facilities, which is not only a big country in data and population, but also a big country in market and application scenarios.

Digital economy is a precious opportunity for China's economy to change lanes and overtake in the fourth industrial revolution, and it is of great strategic significance to realize high-quality development and the great rejuvenation of the Chinese nation. Accelerating the digital transformation of industry can help China's digital economy catch up with the world's advanced level in GDP, and the real economy with manufacturing as the core will also achieve quality improvement and efficiency development.