Study on Development of Sharing Economy Based on Principal Component Analysis

With the widespread penetration of the sharing economy in all fields of economy and society, its contribution to economic development has become more and more remarkable. The development of sharing economy has positive significance for achieving high speed growth and successful transformation under the new normal economy of our country. Based on the review and analysis of the research results of the sharing economic theory, this paper establishes a sharing economic development index system, and uses principal component analysis to calculate. Finally, some suggestions and Countermeasures for the development of sharing economy are put forward.