Prof. Zhikai Wang
Zhejiang University, China

Title：
The Miracles of Digital Economy and Its Deficiencies

Abstract：

Digital economy has almost penetrated into every corner of our social lives and production system, but we also see the fact that the successful ratio for the digital transformation of firms is not satisfied, the society in general lacks an understanding of the digital economy, and the atmosphere of the digital culture is really weak. People's understanding of the digital economy mostly stays at its external character. In the new development era, we have to strengthen the whole society's cognition of the digital economy, make all citizens understand the developmental process and advantages of the digital economy, and face the credit defects of the digital economy. Only in this way can we perceive the magic and convenience of the digital technology, bring into play the service efficiency of digital technology, smoothly overcome the "data isolated island" issues through the transmission of data information, guard against digital credit risks, effectively stimulate the new kinetic energy of the digital economy, and thus promote the iterative innovation and healthy and sustainable development of China's economy and society.

Key words: digital economy; miracles; deficiencies; cognition

Biography:

DR. Zhikai Wang, is a Professor of Economics and Ph.D. Supervisor, at Zhejiang University, Hangzhou, China. In 1993 he became a civil servant and working for Jiangsu provincial government at the Development & Reform Commission, in Nanjing, for 10 years. In later 2002 he moved to the Zhejiang University. DR Wang now serves as the Deputy Director of the Centre for Research of Private Economy (CRPE), Zhejiang University; he is also the Head of Department of Public Finance, School of Economics, at ZJU. DR. Wang has published more than 100 pieces of articles in academic journals and 7 books, his publications include: The Singapore Economic Review, Special Issue on China Fiscal Policy, Vol.63, Number 4 (Guest Editors with Jinchuan Shi), World Scientific Press (2018); China Private Economic Development Report 1978-2017 (Editors, with Jinchuan Shi and Zibin Zhang) (in Chinese), Beijing: Economic Science Press(2018);  Rebalancing China’s Economy for Long Term Growth (in Chinese), Shanghai: Fudan Univ. Press (2016); Private Sector Development and Urbanization in China (in English), New York: Palgrave & Macmillan (2015); and etc.