Work

Digital Transformation of Professional Markets in Zhejiang Province: Practice and Exploration of Internet Empowerment and Ecosystem Reshaping

Year: 2025

Type: article

Abstract: As a cornerstone of China's economic modernization, Zhejiang Province has developed a globally influential network of professional markets since its postreform industrialization.These markets have played a key role in driving local economic growth.This study examines the structural impact of internet-driven innovation on Zhejiang's markets through three main dimensions: transaction cost reduction, industrial agglomeration, and digital ecosystem evolution.The study also suggests policy recommendations for strengthening digital infrastructure, promoting intelligent management, and supporting cross-industry collaboration.Matching local strategies with national policies is needed for ensuring sustainable growth and improving global competitiveness.This research provides useful insights for regions undergoing digital transformation, showing Zhejiang's approach to connecting technological advancements with institutional frameworks for effective transformation.

Source: OALib

DOI: 10.4236/oalib.1113203

Authors: Xiaolin Wang, Ying Ying, Zhejun Ji

Institutions: Zhejiang Normal University, Xingzhi College Zhejiang Normal University

Language: English

Topic: Digital Economy and Transformation

Subfield: Strategy and Management

Field: Business, Management and Accounting

Domain: Social Sciences

SDGs: Industry, innovation and infrastructure, Decent work and economic growth

Open Access status: diamond

Funder: Department of Education of Zhejiang Province