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    Zhejiang’s Digital Dream

    Access Status
    Fulltext not available
    Authors
    Keane, Michael
    Wu, Huan
    Date
    2019
    Type
    Book Chapter
    
    Metadata
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    Citation
    Keane, M. and Wu, H. Zhejiang's Digital Dream, in Athique, A. and Baulch, E. (eds), Digital Transactions in Asia: Economic, Informational, and Social Exchanges, chapter 2, pp. 25-43. New York: Routledge.
    Source Title
    Digital Transactions in Asia Economic, Informational, and Social Exchanges
    DOI
    10.4324/9780429425110
    ISBN
    0429757026
    9780429757020
    Faculty
    Faculty of Humanities
    School
    School of Media, Creative Arts and Social Inquiry
    School of Education
    URI
    http://hdl.handle.net/20.500.11937/80350
    Collection
    • Curtin Research Publications
    Abstract

    The aim of this chapter is to show how digital transactions are relevant to the modernization of commerce in China, and in particular how China’s e-commerce platforms are targeting territories along the Belt and Road Initiative. The nomenclature, sometimes referred to as One Belt One Road, describes the overland corridors that connect Western China with Europe via Central and South Asia, known as the Silk Road Economic Belt-and the maritime routes that are intended to link China’s southern provinces to Southeast Asia and beyond, encapsulated by the concept of the 21st Century Maritime Silk Road. Our focus, however, is not Xi’an, traditionally regarded as the Chinese gateway to the overland Silk Road Economic Belt, or Quanzhou in Fujian province, once an entry point to what is now the Maritime Silk Road, but three linked hubs in Zhejiang province: the metropolis Hangzhou, the port city Ningbo and the county level city Yiwu. This is a story of Zhejiang’s digital dream: how the province has moved from basic manufacturing to value-added services. While many provinces in China now claim a stake in the BRI project, we argue that Zhejiang is uniquely positioned as a digitally enabled province. It is home to China’s largest internet telecommunication company, Alibaba, whose data assets, logistics and internet finance services are the model for the next stage of the Chinese economy. This chapter considers how digital transactions are transforming the fortunes of a province in China, well known for its manufacturing expertise. It looks at three cities in Zhejiang that collectively provide the infrastructure to connect China’s businesses to the Belt and Road Initiative (BRI) nation states throughout Eurasia. The chapter argues that e-commerce, now a driver of China’s economic transformation, is central to Zhejiang’s ‘digital dream’. It shows how digital transactions are relevant to the modernization of commerce in China, and in particular how China’s e-commerce platforms are targeting territories along the BRI. The chapter discusses how the efficacy of digital transactions is understood according to platformization terminologies, namely ‘digital economy’, ‘platform economy’ and ‘platform capitalism’. It considers some Chinese uses of the term ‘platform economy’. The chapter focuses on the relation between physical infrastructure and digital platforms, emphasizing the need to reconsider the role of logistics.

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