Proceedings of the 2024 3rd International Conference on Information Economy, Data Modelling and Cloud Computing (ICIDC 2024)

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Impact of Digitalization on Informal Economy in China

Authors
Siyi Li1, *
1Department of Commerce, University College Dublin, Dublin, Ireland
*Corresponding author. Email: siyi.li@ucdconnect.ie
Corresponding Author
Siyi Li
Available Online 31 August 2024.
DOI
10.2991/978-94-6463-504-1_5How to use a DOI?
Keywords
digitalization; informal economy; China
Abstract

The informal sector in China plays a significant role towards both the country’s employment and economy. The progress of urbanization to some extent increases Chinese self-employment phenomenon. Digitalization is a current trend to exchange information through electronic devices, which boosts the working efficiency for people. This paper examines the impact of digitalization on informal economy in China, especially for those who are self-employed. The study makes the utilization of secondary data from database such as Statista to check the condition of Chinese informality and digitalization condition. Mathematical tools (e.g., Excel and JASP) are implemented for the data visualization. According to the analysis, the development of digitalization has great impact on informal economy in China. The application of digital tools can promote the informal employment into formal one, which brings the pathways to the formalization. Digital solutions help the country to increase its economic productivity, application of regulations as well as improve enforcement systems and measures. However, without proper understanding and use of the advanced technology, it will have adverse impact towards the current informal economy condition.

Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2024 3rd International Conference on Information Economy, Data Modelling and Cloud Computing (ICIDC 2024)
Series
Advances in Computer Science Research
Publication Date
31 August 2024
ISBN
978-94-6463-504-1
ISSN
2352-538X
DOI
10.2991/978-94-6463-504-1_5How to use a DOI?
Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Siyi Li
PY  - 2024
DA  - 2024/08/31
TI  - Impact of Digitalization on Informal Economy in China
BT  - Proceedings of the 2024 3rd International Conference on Information Economy, Data Modelling and Cloud Computing (ICIDC 2024)
PB  - Atlantis Press
SP  - 36
EP  - 46
SN  - 2352-538X
UR  - https://doi.org/10.2991/978-94-6463-504-1_5
DO  - 10.2991/978-94-6463-504-1_5
ID  - Li2024
ER  -