E-Business in China
Developing E-Business in China
1. Introduction
It is widely accepted that the 21st century is the Online Information Age - 17-years after its introduction in China in early 1994. As a main branch of the Internet, e-business has played an important role since 1997. Although it was a slightly late start for the Internet, the first decade of the 21st century has witnessed a flourish of e-business.
As a new stage of commerce, e-business has had a great impact on the economic development, it dramatically shapes the transaction model and fuels the advance of economy in China. Nowadays specialized models of e-business have formed in China, such as Business-to-Business (B2B), Business-to-consumer (B2C) and Consumer-to-Consumer (C2C). Although there is an upward trend of online commerce in China, there are various problems that may hinder the further development of e-transaction. As e-business is in the phase of transition and upgrade, it is the high time to solve those problems, so that to ensure the healthy and sound improvement of e-business in China. Infrastructure of the Internet, online security, online payment and legal framework serve as the best illustrations among those problems, attracting concerns of not only from economists but also from government.
This essay will first investigate the current situation of e-business in China and then illustrate its benefits that China gets. Based on analysis of current problems involved in e-business, the essay aims to provide suggestions and measures to handle those problems.
2. Overview of E-Business Development in China
Compared with the western countries, e-business is still an emerging industry in China. A report of Chinese B2B Research Center (2009) reveals that the development of e-business can be divided into five stages, namely, embryonic stage (1997-1999), frost stage (2000-2002), recovery stage (2003-2005), rising stage (2006-2007) and transition and upgrade stage (2008-now).
The introduction of the
1. Introduction
It is widely accepted that the 21st century is the Online Information Age - 17-years after its introduction in China in early 1994. As a main branch of the Internet, e-business has played an important role since 1997. Although it was a slightly late start for the Internet, the first decade of the 21st century has witnessed a flourish of e-business.
As a new stage of commerce, e-business has had a great impact on the economic development, it dramatically shapes the transaction model and fuels the advance of economy in China. Nowadays specialized models of e-business have formed in China, such as Business-to-Business (B2B), Business-to-consumer (B2C) and Consumer-to-Consumer (C2C). Although there is an upward trend of online commerce in China, there are various problems that may hinder the further development of e-transaction. As e-business is in the phase of transition and upgrade, it is the high time to solve those problems, so that to ensure the healthy and sound improvement of e-business in China. Infrastructure of the Internet, online security, online payment and legal framework serve as the best illustrations among those problems, attracting concerns of not only from economists but also from government.
This essay will first investigate the current situation of e-business in China and then illustrate its benefits that China gets. Based on analysis of current problems involved in e-business, the essay aims to provide suggestions and measures to handle those problems.
2. Overview of E-Business Development in China
Compared with the western countries, e-business is still an emerging industry in China. A report of Chinese B2B Research Center (2009) reveals that the development of e-business can be divided into five stages, namely, embryonic stage (1997-1999), frost stage (2000-2002), recovery stage (2003-2005), rising stage (2006-2007) and transition and upgrade stage (2008-now).
The introduction of the
References: [1] China B2B Research Center. 1997-2009 China E-Business Investigation Report [R]. Hangzhou. 2009. [2] China Internet Network Information Center. Statistical Report on Internet Development in China [R]. Beijing, 2010. [3] Lu Peikang and Ling Yan. Alabama and the Future Tendency of E-Business in China [J]. Model of Innovators.2009 (10): 70-73. [4] Lu Zhigang. Internet Development and E-commerce Barriers in China [J]. Chinese Business Review, 2005(4). [5] Meng Xia. E-Commerce Legal Framework Country Report[R]. Tianjin. 2000. [6] Wang guoan. On Obstacles to E-Business Development in Mainland China [J]. Quarterly Journal of Electronic Commerce, 2002(3): 417-427.