Path Selection and Optimization of Chinese Manufacturing Industry Participating in Global Value Chain Reconstruction

Qingqing Cai and Li Li
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Qingqing Cai: School of Business, East China University of Science and Technology, Shanghai 200237, China
Li Li: School of Economics, Liaoning University, Shenyang 110136, China

Sustainability, 2022, vol. 14, issue 11, 1-16

Abstract: This paper focuses on the path of China’s participation in global value chain reconstruction and concludes three ways to reconstruct the global value chain: embedding in the global value chain, reconstructing the national value chain, and leading the regional value chain. Based on the value-added accounting system and the latest statistics of the TiVA database, we construct an index system for the path selection of global value chain reconstruction and put forward a more suitable path for different manufacturing industries in China. According to the VRCA index and ranking of each type of manufacturing industry, our study concludes that: transportation equipment manufacturing tends to embed in global value chains; textiles, clothing, leather, and related manufacturing; wood products, paper products, and printing; chemical and non-metallic mineral products; base metals and metal products; computer, electronic, and electrical equipment manufacturing; machinery and equipment manufacturing; and other manufacturing industries tend to dominate the regional value chains; and food and beverage manufacturing and tobacco industries tend to restructure national value chains. Finally, our paper gives suggestions and prospects for path upgrading; promoting the integrated development of e-commerce and the manufacturing industry can enhance the competitive advantages of China’s manufacturing industry and achieve path upgrading and optimization. Furthermore, the two-way nesting of the “Belt and Road” regional value chain and global value chain can help China’s manufacturing industry eliminate the dilemma of low-end lock-in and upgrade from the original low-end dependent embedding mode to the middle high-end hub embedding mode.

Keywords: manufacturing; global value chain; e-commerce; apparent comparative advantage of added value; a new pattern of double-circular development (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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