Political and legal aspects of the digital economy and e-commerce formation of the PRC

Abstract

The article covers the political and legal aspects of establishing and developing e-commerce and the digital economy in the PRC. The authors consider the features, periodization, and factors characterizing their development from the perspective of scientists and practitioners of the People's Republic of China. The authors conclude that changes caused by multidirectional processes (the global pandemic of Covid-19 and, as a result, negative global changes in the economy) accelerated the digitalization of many industries, primarily in the economy and trade; the trend emerging in the development of the digital economy in the PRC fully corresponds to the global development trend in the direction of “electronic commerce - digital economy - digitalized economy”; having the second largest indicators of the development of the digital economy, the PRC ensures this process with state program and legislative acts; high rates of development of the digital economy are supported by state support and national factors that contribute to the development of the digital economy; the promising growth of the digital economy will be ensured by the leadership of the state in the implementation of the proposed global initiatives.