A Study On The Path Of Digital Economy Impacting China’s Economic Growth

5G technology enables the digital economy to explode.The permeability of the rapid development of information and communication technologies is very high,it causes the revolutionary development of the digital economy and rapidly expand to the three industry penetration.Nowadays the digital economy has been integrated into all aspects of our production and lives.This paper takes digital economy as the research object.Based on the analysis of the theoretical basis of the digital economy’s impact on economic growth,Grey Relation Analysis and the PLS structural equation model analysis method are used to quantitatively study the complex correlation between the digital economy and economic growth variables,as well as the mechanism and influence on China’s economic growth.The research results show that: First,there is an obvious positive correlation between the digital economy and economic growth,with a correlation of 0.704,and the digital economy can effectively promote economic growth;The second,the correlation between the digital economy and the added value of the three industries is higher than 0.540,the degree of relevance presents the characteristics that the tertiary industry is higher than the secondary industry,and the secondary industry is higher than the primary industry;The third,the "three modernizations" of the digital economy-digital industrialization,industrial digitalization and digital governance are respectively through information transmitted to improve the level of technological innovation and factor accumulation,which in turn stimulates economic growth.For every one percentage point increase in the level of digital economy development,the level of technological innovation and factor accumulation will increase by 0.896 percentage points and 0.846 percentage points respectively,and the total effect on economic growth will reach 0.865 percentage points.In response to the above conclusions,this paper proposes to improve the development level of China’s digital economy by promoting the coordinated development of digitalization of industries and regions,improving the level of open sharing of data resources,accelerating the process of digital transformation of enterprises,and improving the governance capabilities of the digital economy.