Abstract

At present, the wave of digital economy is sweeping the world. Countries all over the world are competing for the strategic commanding height in digital economy. In order to firmly seize this major historical opportunity and to transform and upgrade its economic structure faster, Russia keeps on strengthening the core capabilities of the digital economy such as information infrastructure, new generation information technology, ICT industry, human resources, information security, and digital environment supervision. Research purpose: a competitive analysis of the national strategic planning for the digital economies in China and Russia. Research objectives: 1) to provide definition for the digital economy; 2) to show the current improvement of the digital economy; 3) to study Russia’s digital economy; 4) to explore China’s digital economy. Research methodology: study of theoretical literature, data collection and analysis. Research results. “Strategy of the Information Society Development in the Russian Federation for 2017–2030” (2017) implies creating conditions for developing large companies in the information and communications technology industry in order to protect national interests in the digital economy. In 2021, Russia’s investment in the development of the digital economy reached the total of 4.094 trillion rubles. It represents an increase of 7.8 % compared to 2020 and amounts to 3.7 % of GDP. Over the past decade, China’s digital economy has made world-renowned development achievements. The overall scale has been the second best in the world for many years. The construction of information and communication networks is a global leader in terms of scope. The "Broadband China" strategy has been diligently implemented. The country has built the world’s largest fiber optic and mobile broadband network. The length of optical cable lines increased 2.7 times from 14.79 million km in 2012 to 54.81 million km in 2021. By June 2022, the total number of data center racks in China exceeded 5.9 million standard racks, and 153 national green data centers were built. Key core technologies have experienced breakthroughs. Investment in research and development of digital technologies is increasing every year. The level of digitalization in the service sector has increased significantly. The digital transformation of agriculture is making steady progress. In China, the deep implementation of the development strategy focused on innovation, promoting key technology research, accelerating the forging of long boards, making up for short boards, and building an independent and controlled industrial ecology.

Keywords

digital economy; competitive strategy; organizational structure; culture; economic environment; economic activities; digital technologies

FUNDING

This research was supported by Moscow State University Development Programs (Project No. 23A-Sh05-01) of the Interdisciplinary Scientific and Educational School of Lomonosov Moscow State University: Mathematical Methods for the Analysis of Complex Systems (Direction: Strategizing).

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