Economics, Econometrics and Finance
2 years ago

Digital Economy Boosts Manufacturing Efficiency, Revolutionizing China's Industry Landscape

The Frontiers of Society Science and Technology
The Development of the Digital Economy and the Improvement of Manufacturing Efficiency
Ting Liao, Zou Xuxin

Paper Summary

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The digital economy is helping China's manufacturing industry become more efficient. By studying data from over a thousand manufacturing companies, researchers found that as the digital economy grows, manufacturing efficiency improves. This means that using digital technologies in manufacturing can make things work better and faster.