Global value chains(GVCs)have entered a new stage of restructuring characterized by trends towards localization,regionalization and diversification.These trends can be attributed to the evolution of the international ...Global value chains(GVCs)have entered a new stage of restructuring characterized by trends towards localization,regionalization and diversification.These trends can be attributed to the evolution of the international division,irrational responses to crisis shocks,and trade protectionism.In this context,China’s industrial and supply chain upgrades face both opportunities and challenges which require navigating the adverse effects of industrial re-shoring,unfair technology competition,and changes in the global industrial layout.Yet,such challenges may create pressures for China to accelerate innovation,overcome the low-end lock-up effect by creating regional value chains,and broaden international cooperation.China needs to explore an effective strategy to defuse risks and seize opportunities.On one hand,China should influence the restructuring of GVCs evolution and strengthen its supply chains by playing an active role in economic globalization and the international division.On the other hand,China should proactively respond to GVCs restructuring amid rising trade protectionism,defuse risks from trade protectionism by opening wider to the outside world,and strive to upgrade industrial and supply chains while enhancing the security and stability of their nation.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
Infrastructure development is a key aspect of the Belt and Road Initiative(BRI).After measuring the infrastructure stocks of China and BRI countries,this paper estimates BRI countries’demand for infrastructure develo...Infrastructure development is a key aspect of the Belt and Road Initiative(BRI).After measuring the infrastructure stocks of China and BRI countries,this paper estimates BRI countries’demand for infrastructure development and verifies its economic growth effects,thus demonstrating the importance of the BRI.We found China’s infrastructure stock to be second-highest in the world,next only to that of the United States.While China’s infrastructure development is in sync with its economic development,inadequate infrastructure prevents many countries around the world from unlocking their full economic potential.By providing financing for much-needed infrastructure,the BRI exerts positive effects on economic growth in relevant countries.With a mandate of promoting infrastructure interconnectivity,the BRI will serve as a new driving force shaping a community of shared future for humankind.展开更多
文摘Global value chains(GVCs)have entered a new stage of restructuring characterized by trends towards localization,regionalization and diversification.These trends can be attributed to the evolution of the international division,irrational responses to crisis shocks,and trade protectionism.In this context,China’s industrial and supply chain upgrades face both opportunities and challenges which require navigating the adverse effects of industrial re-shoring,unfair technology competition,and changes in the global industrial layout.Yet,such challenges may create pressures for China to accelerate innovation,overcome the low-end lock-up effect by creating regional value chains,and broaden international cooperation.China needs to explore an effective strategy to defuse risks and seize opportunities.On one hand,China should influence the restructuring of GVCs evolution and strengthen its supply chains by playing an active role in economic globalization and the international division.On the other hand,China should proactively respond to GVCs restructuring amid rising trade protectionism,defuse risks from trade protectionism by opening wider to the outside world,and strive to upgrade industrial and supply chains while enhancing the security and stability of their nation.
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”.
文摘Infrastructure development is a key aspect of the Belt and Road Initiative(BRI).After measuring the infrastructure stocks of China and BRI countries,this paper estimates BRI countries’demand for infrastructure development and verifies its economic growth effects,thus demonstrating the importance of the BRI.We found China’s infrastructure stock to be second-highest in the world,next only to that of the United States.While China’s infrastructure development is in sync with its economic development,inadequate infrastructure prevents many countries around the world from unlocking their full economic potential.By providing financing for much-needed infrastructure,the BRI exerts positive effects on economic growth in relevant countries.With a mandate of promoting infrastructure interconnectivity,the BRI will serve as a new driving force shaping a community of shared future for humankind.
