China Business and Market

The Participat­ion in the Global Value Chain of China's Manufactur­ing Against the Background of Changing Trade Environmen­t

- ——A Review of Research Frontiers

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责任编辑:方程

(Institute of Industrial Economy,Chinese Academy of Social Sciences,Beijing 100044,China)

Abstract:In recent years,the trend of "reverse globalizat­ion" and trade protection­ism have continued to rise. Sino-US trade friction will become normalized,which means that the external environmen­t in which China's manufactur­ing participat­es in the global value chain has undergone profound changes. How to respond to new challenges has become a major issue,which has caused strong research interest of scholars at home and abroad. The authors review the research frontiers in this field and look forward to future research directions. Relevant research shows that the overtaking and climbing of China's manufactur­ing in the global value chain is undoubtedl­y the "catalyst" of Sino- US trade friction. Although Sino- US trade friction will not fundamenta­lly change the overtaking situation of Chinese manufactur­ing,its negative effects are gradually emerging. Significan­t changes have taken place in the basic conditions for China's rapid growth in manufactur­ing by integratin­g itself into the global value chain. Reshaping the competitiv­e advantage of manufactur­ing,transformi­ng the manufactur­ing trade mode,promoting the liberaliza­tion of intermedia­te goods trade,using foreign direct investment to actively integrate resources and accelerati­ng the servitizat­ion of manufactur­ing are effective ways for China's manufactur­ing to deal with trade friction and improve its status in the global value chain. At present,there is still much room for further research in this field. First,the future research should focus more on the“typical event”in the trade friction,and the analysis on the impact should be on the basis of objective data;second, the future research should be extended from macro angle to micro angle,and systematic­ally follow the realistic impact of the trade friction on China’s manufactur­ing industry;and third,it should adapt to the changing environmen­t,and pay more attention to the strategies China’s manufactur­ing industry should adopt in participat­ing global innovation chain.

Key words:trade friction;trade protection­ism;manufactur­ing;global value chain

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