Global industrial chains(GICs)have become a hallmark of the world economy underpinning the global production cycle.Since the reform and opening up was introduced in 1978,China has taken an active role in global value ...Global industrial chains(GICs)have become a hallmark of the world economy underpinning the global production cycle.Since the reform and opening up was introduced in 1978,China has taken an active role in global value chains(GVCs)and become the world’s factory floor.Under the external shocks to GICs,such as US trade frictions with China and the COVID-19 pandemic,China’s traditional comparative advantages in manufacturing which include its labor force and costs are waning.This has manifested in a wave of industrial relocations from China to other countries as well as China’s weakening international competitiveness.We took stock of the concepts and journey of GVCs and elaborated the intrinsic relationship between GVCs and the new development pattern of“dual circulations”.We also analyzed the trends of GVCs,the current status and problems of China’s industrial chains,and China’s market heft,complete industrial chains and the digital economy as new strengths for industrial chain upgrade.In our conclusion,this paper put forth some policy recommendations for China’s industrial chain upgrade in the context of dual circulations.展开更多
The Chinese economy is currently undergoing a digital transformation.New growth drivers are replacing old ones,creating a new development landscape.Countries with strong digital industries will be the first to reap th...The Chinese economy is currently undergoing a digital transformation.New growth drivers are replacing old ones,creating a new development landscape.Countries with strong digital industries will be the first to reap the benefits of digitalization.For China,the transformation to a digital economy is both of inevitability and heterogeneity fueled by dual circulations.Crowded out from more skill-based digitalized sectors,less-skilled labor moves to less digitalized sectors.New capital,industries and technology clusters emerge as new drivers of manufacturing and service sector development.With its large domestic market and industrial competitiveness,China has fostered a new development landscape of“dual circulations”.展开更多
文摘Global industrial chains(GICs)have become a hallmark of the world economy underpinning the global production cycle.Since the reform and opening up was introduced in 1978,China has taken an active role in global value chains(GVCs)and become the world’s factory floor.Under the external shocks to GICs,such as US trade frictions with China and the COVID-19 pandemic,China’s traditional comparative advantages in manufacturing which include its labor force and costs are waning.This has manifested in a wave of industrial relocations from China to other countries as well as China’s weakening international competitiveness.We took stock of the concepts and journey of GVCs and elaborated the intrinsic relationship between GVCs and the new development pattern of“dual circulations”.We also analyzed the trends of GVCs,the current status and problems of China’s industrial chains,and China’s market heft,complete industrial chains and the digital economy as new strengths for industrial chain upgrade.In our conclusion,this paper put forth some policy recommendations for China’s industrial chain upgrade in the context of dual circulations.
基金国家社科基金重大项目“新旧动能转换机制设计与路径选择”(批准号:18Z D A077)南京大学长江三角洲经济社会发展研究中心暨区域经济转型与管理变革协同创新中心联合招标重大项目“长三角区域世界级产业集聚培育和协调发展”(批准号:CYD-2020019)。
文摘The Chinese economy is currently undergoing a digital transformation.New growth drivers are replacing old ones,creating a new development landscape.Countries with strong digital industries will be the first to reap the benefits of digitalization.For China,the transformation to a digital economy is both of inevitability and heterogeneity fueled by dual circulations.Crowded out from more skill-based digitalized sectors,less-skilled labor moves to less digitalized sectors.New capital,industries and technology clusters emerge as new drivers of manufacturing and service sector development.With its large domestic market and industrial competitiveness,China has fostered a new development landscape of“dual circulations”.
