The Relationship between Digital RMB and Digital Economy in China

An Analysis of the Recovery Path of the Consumer Sector in the Post-Pandemic Era

“…Our government's national GDP target for 2023 is around 5%, with Hainan Province even proposing a target of 9.5%. In anticipation of a generally bearish overseas market and declining net export indicators in 2023 (Son et al, 2022), if we want to achieve such a high target, the government should not only make further efforts in macro policies to promote consumption , but also make more innovations in actual consumption scenarios and consumer groups and even sources of consumption funds (Su et al, 2022), so that macro policies can be fully implemented and overall operating costs of society can be reduced, and the supply and demand sides can be synchronized to achieve greater ). It can be said that 2023 is a promising year to test the governing ability and economic development ability of local governments (both in southeastern coastal provinces and inland provinces) (Nicola et al, 2020).…”

“…This research team recommends a separate index for digital consumption. According to our team's previous research on digital RMB index and China-style digital economy index (Su et al, 2022), it is suggested that the ratio D1 (digital consumption index/digital economy index) and ratio D2 (digital RMB in-dex/digital consumption index), both of which can be coupled to assess the weight and stage of digital consumption in promoting the development of digital economy (Ding et al, 2022), and also to quantify (Meaning et al, 2018) the effect of digital RMB development on promoting digital consumption (Minesso et al, 2020).…”