Study on the Path of Integration and Development of Digital Economy and Real Economy

Abstract

The progression of the digital economy (DE), serving as a novel method and catalyst for superior economic growth in the fresh development phase, holds immense relevance in strengthening China's tangible economy, escalating international competitiveness, and formulating a new developmental layout. To actualize the fresh developmental notion and model, enhancing the profound amalgamation of the digital and real economy is key. This plays a vital role in fostering the supply-side structural transformation, evolving the economic developmental methods, and accomplishing superior economic growth. Utilizing the endogenous growth theory structure, we unfold the mechanism of data elements driving the quick growth of the DE and inspect the vast scope for merging China's digital and real economy. On this premise, this article aligns it with China's innovation-fueled development tactic, and proposes strategies and recommendations for steering the deep integration of the digital and tangible economy. These proposals emphasize the top-level blueprint, data governance, data security, classification and amalgamation, and human capital.