Develop the digital economy and promote the formation of a new pattern of development

Develop the digital economy and promote the formation of a new pattern of development

The Fifth Plenary Session of the 19th CPC Central Committee pointed out: "Develop digital economy, promote digital industrialization and industrial digitalization, and promote the deep integration of digital economy and real economy". Digital economy is an economic form with data as the key production factor, modern information network as the important carrier and digital technology application as the main feature. The development of digital economy is not only conducive to strengthening market forces and industrial support, but also to strengthening the connection between domestic circulation and international circulation, which is an important way to accelerate the formation of a new development pattern and promote high-quality development.

By stimulating the market power of domestic demand, a new development pattern will be formed. First, the development of digital economy is conducive to opening consumer barriers. Digital consumption based on traditional e-commerce platform produces a lot of consumption information. Using digital technology to grab, mine and analyze these consumer information can provide products that meet the needs of consumers more accurately and quickly. The rapid development of demand-oriented digital economy can activate the expansion ability of domestic demand market. With the help of communication tools, full information interaction with consumers can form innovative consumption patterns such as live broadcast with goods, which can stimulate new consumption potential. Second, the development of digital economy is conducive to improving production efficiency and consumption level. The penetration of digital economy into various fields of social and economic activities can not only improve production efficiency, but also expand the scale and quality of employment, thus promoting the adjustment of income distribution structure, increasing the effective demand of residents, further narrowing the income gap between urban and rural residents, improving consumption level, and promoting the upgrading of consumption structure and the expansion of market scale. Third, the development of digital economy is conducive to optimizing the domestic market environment. The integration of digital economy and traditional economy will make the market environment more open and transparent, promote the accelerated flow of factors between industries and between urban and rural areas, and smooth the national economic cycle.

By strengthening the support of domestic industries, a new development pattern will be formed. The rapid diffusion and integrated application of advanced technology is conducive to enhancing the ability of independent innovation, and building industrial support for the new development pattern through digital industrialization and industrial digital innovation. First of all, digital technology, as an important universal and enabling technology, can help traditional industries cross-border integration and reconstruct organizational models, thus reducing costs, improving efficiency and expanding innovation paths. Second, relying on the virtual network can further expand the market space, broaden the channels for SMEs to embed in industrial clusters, promote the rational division of labor in various regions, focus on developing industries with comparative advantages, enhance competitiveness, extend the domestic industrial chain and smooth the domestic industrial cycle. Third, the network connection effect produced by the digital economy is conducive to the deep integration of domestic enterprises into the international economic cycle, thus providing power for the domestic economic cycle. The technology spillover effect and demonstration effect brought by the high-tech international economic cycle are helpful to promote the transformation and upgrading of domestic industries and enhance international competitiveness.

Strengthening foreign trade ties will help to form a new development pattern. The integration and integrated application of various technical modules in the digital economy is conducive to optimizing all aspects of trade and its operation process, promoting the coordinated development of domestic demand and external demand, supply and demand, reducing trade costs, improving trade efficiency, and laying a good foundation for the mutual promotion of domestic and international double cycles. For example, through real-time crawling and deep mining of trade data, the cost, time and risk of information collection can be reduced, which is conducive to overcoming trade information barriers; The integration of digital technology and logistics services can realize the intelligence of goods storage, sorting and transportation, and reduce the empty driving rate and transportation cost. Another example is that through real-time analysis of trade data, decision-making can be automated and the operational efficiency of export enterprises can be improved; Promoting the informatization process of public services can shorten the transaction time and improve the transaction efficiency. For another example, the development of digital economy can not only promote domestic supply capacity, but also expand import scale, strengthen foreign trade ties and promote international economic cycle through the digital economy platform. The expansion of import scale can promote the upgrading of domestic consumption, accelerate the iteration of product renewal, promote the upgrading of domestic industries, create conditions for export trade, and promote the mutual promotion of domestic and international double cycles.

Source: Agricultural products market.