Promoting role of Electronic Commerce on Economic Growth

Liu Weiyue

doi:10.14738/abr.54.3085

Abstract

In recent years, China becomes an important force and focus in the international e-commerce market due to its strong development momentum in the field of electronic commerce. E-commerce has changed the development way of the national economy and people's life style. With this change, the social efficiency are improved greatly. With the expansion of information access, increase to information quantity and improvement of the information processing ability, e-commerce impacts heavily on macro and micro economic environment, reduces the uncertainty of economic activity, ensures the timely application of information, reduces the cost of access to information, improves the efficiency of economic activity, and finally makes higher efficiency of the allocation mechanism for the market resource.

Highlights

In recent years, China becomes an important force and focus in the international ecommerce market due to its strong development momentum in the field of electronic commerce
The position and role of e-commerce in China market trading activities are more and more important. This fully shows that e-commerce has changed the development way of the national economy and people's way of life
The electronic commerce reduces business costs and on the other hand, it improves the efficiency of enterprises, promoting the rapid development of economy

Summary

Introduction

China becomes an important force and focus in the international ecommerce market due to its strong development momentum in the field of electronic commerce. The electronic commerce gradually becomes important force for the transformation of the mode of production development and optimization of industrial structure, in order to The rapid development of information technology and ecommerce improves the transaction efficiency, and on the other hand, it promotes the formation of perfect competition market.

Results

Conclusion