“Electronic Information +” and the New Economy: An Analysis Based on Transaction Costs

With 40 years of reform and opening-up, China’s economy has been growing at a high speed, and the key reason is the reduction of transaction costs and the improvement of transaction efficiency. With the emergence of the new technologies with " Electronic information +” characteristics such as Internet, big data, artificial intelligence, the transaction cost will be reduced further, and new technologies, new products, new industries, new forms, and new models will be constantly emerging, which will accelerate the development of all kinds of new economic form.