The China National Industrial Machinery Import & Export Company, a wholly-owned subsidiary of the China National Machinery Import & Export Corporation, has established longterm cooperative relations with busin...The China National Industrial Machinery Import & Export Company, a wholly-owned subsidiary of the China National Machinery Import & Export Corporation, has established longterm cooperative relations with business people in dozens of countries and regions around the world. Between 1988 and 1994, the imports and exports handled by the company totalled US$2.5 billion. Since the 1950s, the company has imported quantities of machine tools and processing equipment for the China No. 1 Automobile Plant, the China No.2 Automobile Plant, various heavy-duty machinery plants, machine-tool factories and textile mills in China. The company’s traditional imports are展开更多
Founded in 1950, the China National Machinery Import & Export Corporation (CMC) is a large national foreign trade enterprise directly under the administration of the Ministry of Foreign Trade and Economic Cooperat...Founded in 1950, the China National Machinery Import & Export Corporation (CMC) is a large national foreign trade enterprise directly under the administration of the Ministry of Foreign Trade and Economic Cooperation, specializing in the import and export of electromechanical products. It is one of our country’s first and largest foreign trade corporations. Since its founding 45 years ago, the corporation has been consistently endeavoring to develop and expand foreign trade in electromechanical products, and展开更多
This paper develops a framework for the assessment of global value chain embeddedness based on the dual structure of product embeddedness and functional embeddedness and provides a theoretical demonstration of the dua...This paper develops a framework for the assessment of global value chain embeddedness based on the dual structure of product embeddedness and functional embeddedness and provides a theoretical demonstration of the dual effects of the level, structure and the value sources of global value chain embeddedness on export technology sophistication. From there, the paper carries out an estimation of non-competitive input- output table using quadratic optimized algorithm with differentiation between processing trade and general trade to arrive at various indicators of foreign value-added ratio that reflect the level of global value chain embeddedness. On this basis, the panel econometric model for 27 manufacturing sectors of China between 2001 and 2010 is employed to test the effect of foreign value-added ratio on the technology sophistication of manufacturing export. Our research indicates that by taking part in division of labor in the global value chain and acquiring foreign intermediate inputs, China＇s manufacturing sector has increased its export technology sophistication. It also indicates that, compared with such inputs as raw materials and parts and components, service input has great contributions to technology improvement. With the direct contributions of foreign value-added under control, the foreign value-added from developed countries has a restrictive effect on the R＆D activities of export manufacturing, which gives rise to the one-way technology reliance on dominant enterprises of the value chain and the ＂low-end lock-up＂ effect; meanwhile, the method of embeddedness that takes advantage of the foreign value-added of other countries is more dependent on the indigenous R＆D capacity of export enterprises and thus more favorable to the improvement of export technology sophistication.展开更多
文摘The China National Industrial Machinery Import & Export Company, a wholly-owned subsidiary of the China National Machinery Import & Export Corporation, has established longterm cooperative relations with business people in dozens of countries and regions around the world. Between 1988 and 1994, the imports and exports handled by the company totalled US$2.5 billion. Since the 1950s, the company has imported quantities of machine tools and processing equipment for the China No. 1 Automobile Plant, the China No.2 Automobile Plant, various heavy-duty machinery plants, machine-tool factories and textile mills in China. The company’s traditional imports are
文摘Founded in 1950, the China National Machinery Import & Export Corporation (CMC) is a large national foreign trade enterprise directly under the administration of the Ministry of Foreign Trade and Economic Cooperation, specializing in the import and export of electromechanical products. It is one of our country’s first and largest foreign trade corporations. Since its founding 45 years ago, the corporation has been consistently endeavoring to develop and expand foreign trade in electromechanical products, and
基金supported by the youth program of the National Natural Sciences Fund “Effects of embeddedness in GVC on the performance of China local manufacturing”(Grant No.71203105)the youth program of the Cultural and Social Sciences Fund of the Ministry of Education(Grant No.12YJC790123)
文摘This paper develops a framework for the assessment of global value chain embeddedness based on the dual structure of product embeddedness and functional embeddedness and provides a theoretical demonstration of the dual effects of the level, structure and the value sources of global value chain embeddedness on export technology sophistication. From there, the paper carries out an estimation of non-competitive input- output table using quadratic optimized algorithm with differentiation between processing trade and general trade to arrive at various indicators of foreign value-added ratio that reflect the level of global value chain embeddedness. On this basis, the panel econometric model for 27 manufacturing sectors of China between 2001 and 2010 is employed to test the effect of foreign value-added ratio on the technology sophistication of manufacturing export. Our research indicates that by taking part in division of labor in the global value chain and acquiring foreign intermediate inputs, China＇s manufacturing sector has increased its export technology sophistication. It also indicates that, compared with such inputs as raw materials and parts and components, service input has great contributions to technology improvement. With the direct contributions of foreign value-added under control, the foreign value-added from developed countries has a restrictive effect on the R＆D activities of export manufacturing, which gives rise to the one-way technology reliance on dominant enterprises of the value chain and the ＂low-end lock-up＂ effect; meanwhile, the method of embeddedness that takes advantage of the foreign value-added of other countries is more dependent on the indigenous R＆D capacity of export enterprises and thus more favorable to the improvement of export technology sophistication.
