THE SYSTEM OF DETERMINANTS OF CHINA’S SMART ECONOMY DEVELOPMENT IN THE CONTEXT OF GLOBAL DIGITAL TRANSFORMATION

The study examines the system of determinants shaping the development of China’s smart economy in the context of global digital transformation. The aim of the research is to identify and systematize the key factors influencing the formation of China’s smart economy. The research methodology is based on a systemic and comparative approach that allows the analysis of structural-technological, institutional-policy, social, and external determinants. The results indicate that China’s smart economy development is driven by the interaction of digital infrastructure expansion, strategic state coordination, human capital development, and innovation policy. The study contributes to the understanding of smart economy formation and provides insights for designing digital transformation strategies in emerging economies.