Author(s)

Bangchen Wu ¹

Affiliation(s)

¹ La Jolla Country Day School, Santiago, State of California Ca92037, USA

Corresponding Author

Bangchen Wu

ABSTRACT

Shanxi province, a landlocked province in China, has struggled with the serious problem with economic reform since the beginning of this century. Traditionally, Shanxi is well-known for its abundant coal resources. However, the Gross Domestic Product (GDP) of Shanxi province has been lying below the national average level with a worrying downward trend. This paper investigates the reason that causes the stagnation of Shanxi’s economy. Also, the paper compares Shanxi province to Guizhou province which faced the same problem but succeeded in overcoming the problem with the stimulus policy of promoting clouding computer and big data. The paper values the feasibility of implementing the similar policy in Shanxi province and offers two suggestions: 1) subsidizing these clouding computer and big data programs, and 2) attracting the investment from outside the local community by taking advantage of its own cheap labors and resources.

KEYWORDS

Shanxi province, Coal resources, Economic transition, Clouding computer, Big data

CITE THIS PAPER

Bangchen Wu. Economic Stagnation and Transition for Shanxi Province in China. Information Systems and Economics (2021) 2: 6-9. DOI: http://dx.doi.org/10.23977/infse.2021.020202.

REFERENCES

[1] China: CN: GDP: Guizhou: Guiyang: Economic Indicators: CEIC. (1970, January 01). Retrieved July 10, 2020
[2] China: CN: GDP: Shanxi: Taiyuan: Economic Indicators: CEIC. (1970, January 01). Retrieved July 10, 2020
[3] China: CN: GDP Index: PY=100: Guizhou: Guiyang: Economic Indicators: CEIC. (1970,  January 01). Retrieved July 10, 2020
[4] China: CN: GDP Index: PY=100: Shanxi: Taiyuan: Economic Indicators: CEIC. (1970, January 01). Retrieved July 10, 2020
[5] History Review of Guizhou Big Data Policy Interpretation and Development. 2015, November 3. Retrieved July 10, 2020
[6] Guizhou GDP graph. (n.d.). Retrieved July 10, 2020
[7] Shanxi GDP graph. (n.d.). Retrieved July 10, 2020
[8] Textor, C. China: Average income.  Retrieved July 10, 2020

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