Bridging the Gap: E-commerce and the Rise of Rural Economies in Free Trade Zones | Chapter 28 | Theoretical Key Issues and Practical Development Trends of China’s Digital Economy

The integration of the digital economy and rural development is pivotal for the comprehensive advancement of the economy. This study examines the impact of the digital economy on rural revitalization within the context of Hainan's Free Trade Port, as outlined on July 1, 2021. Utilizing panel data analysis from all 16 Hainan districts, two hypotheses were proposed: the proliferation of the internet accelerates the digital economy and fosters rural rejuvenation, and enhanced talent quality elevates rural GDP. Empirical evidence supports these hypotheses, highlighting the digital economy's role in rural revitalization. Theoretical and practical implications suggest leveraging digital platforms to enhance agricultural marketing and advocating for e-commerce literacy programs to empower rural communities. The study concludes that strategic investments in digital infrastructure and talent development are essential for sustainable rural development, offering valuable insights for policymakers aiming to bridge the urban-rural divide in the digital era.

 

Author (s) Details

 

Wenbo Lyu
Saxo Fintech Business School, University of Sanya, Sanya, 572000, China.

 

Zhiyao Cao
Saxo Fintech Business School, University of Sanya, Sanya, 572000, China.

 

Minqi Zheng
Saxo Fintech Business School, University of Sanya, Sanya, 572000, China

 

Jie Zhang
Saxo Fintech Business School, University of Sanya, Sanya, 572000, China.

 

Jinsun Feng
Saxo Fintech Business School, University of Sanya, Sanya, 572000, China.

 

Please see the book here:- https://doi.org/10.9734/bpi/mono/978-93-48388-89-6/CH28

Digital Economy Enables Free Trade Port Rural Revitalization | Chapter 27 | Theoretical Key Issues and Practical Development Trends of China’s Digital Economy

This article selects 351 data from six cities in Hainan Province, including Haikou, Sanya, Wanning, Lingshui Li Autonomous County, and Wenchang from 2010 to 2022, as well as eight townships including Hedong District, Hexi District, Haitangwan Town, Tiandu Town, Fenghuang Town, Tianya Town, Yacheng Town, and Yucai Town. The corresponding digital finance and digital transformation data are matched, and a multiple linear regression analysis model is constructed, analysing the impact of the digital economy on the development of the rural economy in free trade ports [5].

According to data research, the development of the digital economy has a significant positive impact on the growth of the rural economy in the free trade port. Among them, digital infrastructure construction such as medical digitization, digital technology applications such as internet celebrities, e-commerce economy, and digital talent cultivation are key driving factors [2]. In addition, the digital economy has had a positive impact on the rural revitalization of the free trade port by promoting industrial structure upgrading, improving labor productivity, and improving the ecological environment.

Secondly, this article empirically verifies the impact of the e-commerce economy on the rural revitalization of free trade ports. At the same time, this article also found that the impact of the digital economy on the rural revitalization of free trade ports has certain regional differences, that is, in areas with higher levels of digital economy development, its promotion effect on rural revitalization is more obvious. Finally, this article proposes policy recommendations to fully leverage the role of the digital economy in the rural revitalization of the free trade port.

 

Author (s) Details

 

Wenbo Lyu
Saxo Fintech Business School, University of Sanya, Sanya, 572000, China.

 

Aopeng Li
Saxo Fintech Business School, University of Sanya, Sanya, 572000, China.3

 

Please see the book here:- https://doi.org/10.9734/bpi/mono/978-93-48388-89-6/CH27

Hainan Free Trade Port Leverages Digital Economy for Rural Revitalization | Chapter 21 | Theoretical Key Issues and Practical Development Trends of China’s Digital Economy

Background: Established in 2018, Hainan Free Trade Port has capitalized on its advantageous geographic position and abundant natural resources to push forward trade liberalization and facilitation, capturing global attention. Concurrently, the digital age has ushered in transformative changes across the global economy, positioning the digital economy as a pivotal force in this evolution.

Methods: The Free Trade Port aligns with a national strategy aimed at enhancing globalization efforts, which includes attracting more domestic and foreign investments and superior resource influxes. In parallel, the application of technologies such as big data, cloud computing, and artificial intelligence within the digital economy is revolutionizing traditional industries by increasing productivity and improving product quality.

Results: The integration of advanced digital technologies has notably improved agricultural modernization, rural governance, and income growth for farmers, underscoring the digital economy’s unique benefits in the context of rural revitalization.

Conclusion: As the Hainan Free Trade Port continues to develop, it is positioned to become a frontrunner in the globalized economic landscape, bolstered by both its strategic initiatives and the burgeoning digital economy. These efforts collectively contribute to a robust platform for sustained economic growth and development.

 

Author (s) Details

Wenbo Lyu
Saxo Fintech Business School, University of Sanya, Sanya, 572000, China.

 

Yuxin Wang
Saxo Fintech Business School, University of Sanya, Sanya, 572000, China.

 

Please see the book here:- https://doi.org/10.9734/bpi/mono/978-93-48388-89-6/CH21