The Impact of Digital Economy on Traditional Economic Models in China and The United States

Abstract

With the rapid development of digital technology, the digital economy has become an important engine of global economic growth. As leaders in the global digital economy, China and the United States have their own characteristics in terms of technological innovation, market size and policy environment. At the same time, the digital economy has had a profound impact on the traditional economic model. This paper compares and analyzes the impact of the digital economy of China and the United States on the traditional economic model, and explores their similarities and differences in industrial structure, employment market and business model. The study found that the digital economy of China and the United States has promoted the upgrading of traditional industries, improved production efficiency, and spawned new business models such as platform economy. However, the United States pays more attention to original technology research and development, while China has achieved rapid popularization of the digital economy with a huge user base and policy support. In addition, China and the United States face common challenges in data security, market competition and the digital divide. In the future, the digital economy of China and the United States will continue to deepen competition and cooperation in technological innovation, globalization and sustainable development.