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
By analyzing the development and industrialization of China’s manufacturing industry since reform and opening-up,this paper proposes China has played three roles in economic globalization-as an in-depth participant i...By analyzing the development and industrialization of China’s manufacturing industry since reform and opening-up,this paper proposes China has played three roles in economic globalization-as an in-depth participant in specialization of the global manufacturing value chain,as an active facilitator of global inclusive and sustainable industrialization,and as a cooperative innovator in the new industrial revolution.It is significant for comprehensively understanding the role of China in economic globalization.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.
文摘By analyzing the development and industrialization of China’s manufacturing industry since reform and opening-up,this paper proposes China has played three roles in economic globalization-as an in-depth participant in specialization of the global manufacturing value chain,as an active facilitator of global inclusive and sustainable industrialization,and as a cooperative innovator in the new industrial revolution.It is significant for comprehensively understanding the role of China in economic globalization.
