Digital Economy of Northeastern Provinces of China: Modern Approaches to Regional Development

Abstract

The article provides a general overview of the tasks of the Chinese leadership to develop the digital economy in the state, which were defined by the 14th Five-Year Development Plan and the decisions of the 20th Congress of the CPC. It describes the state of the digital economy within the northeastern provinces of the People’s Republic of China. It shows that digitalization opens up great opportunities for the development of the real economy of the region, business and service market, as well as the diversification of international relations of Heilongjiang, Jilin and Liaoning provinces with neighboring countries, that allows increasing the inflow of national and foreign investments into the economy of North-Eastern China. It is emphasized that digital technologies can be considered as a tool to approach the solution of socio-economic problems associated with the depopulation of the North-East of China, the aging and, consequently, the reduction of the working-age population. It is noted that obtaining the necessary result is possible following the policy aimed at achieving a balance between the digitalizationpace and the level of economic development in the Northeastern provinces of China.