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The past decade has witnessed a great digital transformation in China. In 2006, China’s online retail sales were merely 3% of U.S. sales. China now hosts the world’s largest e-commerce retail market with a 40% share of global sales. Mobile pay has taken the country by storm so that even beggars are accepting alms through QR codes. What accounts for the leapfrog development in China’s e-commerce market? What are the larger implications of the rise of this 700-million-user online market? This talk will discuss the institutional foundation of China's giant e-commerce market, as well as its political and economic effects.
This event is part of Shorenstein APARC's winter webinar series "Asian Politics and Policy in a Time of Uncertainty."
Lizhi Liu is an Assistant Professor in the McDonough School of Business and a faculty affiliate of the Department of Government. Her research specializes in the politics of trade, technology and innovation, and the political economy of China. Her work has been published by American Economic Review: Insights and Minnesota Law Review, and has been funded by numerous institutions, including the Bill and Melinda Gates Foundation, Weiss Family Program Fund, and the Stanford Institute for Innovation in Developing Economies. She received the 2020 Ronald H. Coase Best Dissertation Award from the Society for Institutional and Organizational Economics (SIOE), and the 2019 Best Dissertation Award in the area of Information Technology and Politics by American Political Science Association (APSA).