The Impact of Digital Economy Development on the Transformation of Manufacturing Industry under the Background of Low-carbon Development

Abstract

As global climate change has become a dominant issue, China, as one of the worlds largest carbon emitters, has significant impacts on low carbon development by policies organizing energy and emission reduction. This paper explores how the digital economy affects the transformation of manufacturing under environmental policies, such as the Energy Conservation Law and the 13th Five-Year Plan which assist in transforming the manufacturing industry under a low-carbon background. Though China has made significant efforts to renewable energy and its role in manufacturing industries, however, the challenges especially in traditional industries still exist, which include high costs and limited techniques. Moreover, this paper discusses the impacts of new concepts such as New Retailing on the manufacturing transformation. It has emphasized its significance in boosting efficiencies, sustainable development, and encouraging low-carbon transformation. Through the case studies and empirical analysis, this paper at last gives an outlook of Chinas environmental policy intersection, manufacturing transforming and innovating digital economy towards a sustainable future.