EXPERIENCE OF CHINA IN REFORMING THE SMART ECONOMY: INTERNATIONAL DETERMINANTS OF DEVELOPMENT AND OPPORTUNITIES FOR UKRAINE
Abstract
The smart economy is increasingly recognized as a decisive factor in shaping the global competitiveness of nations. The purpose of the article is to examine the Chinese experience in developing and reforming a smart economy, to identify the international determinants of its rapid growth, and to outline how this experience can be adapted to Ukraine. The relevance of the topic is determined by Ukraine’s urgent need to accelerate digital transformation in order to ensure economic resilience, modernization, and integration into the global technological space. The methodology of the study is based on a systemic and comparative approach, combining qualitative analysis with quantitative indicators derived from international indices and official statistical sources. This approach makes it possible to evaluate both the internal drivers, such as innovation activity, R&D intensity, infrastructure development, and state support, and the external factors, including global trade integration, investment flows, and technological partnerships. The results of the research demonstrate that China’s success was achieved through the synergy of large-scale investments in knowledge and technology, rapid deployment of digital infrastructure, and proactive industrial and innovation policies, which together created a sustainable foundation for growth and international leadership. The findings indicate that Ukraine can draw on the Chinese experience to strengthen its digital ecosystem, especially in areas such as the development of industrial 5G, targeted automation, the creation of long-term financing mechanisms for high-tech industries, and the stimulation of human capital for innovation. The practical value of the article lies in providing evidence-based recommendations for Ukraine’s economic policy, aimed at using digital transformation as a driver of sustainable recovery, international integration, and improved competitiveness in the global economy.
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