China Business and Market

Choose the Path for Upgrading the Global Value Chain of “China—Central Asia—West Asia Economic Corridor”

- HE Wen-bin

(Xinjiang University of Finance and Economics,Urumqi,Xinjiang83­0012,China)

Abstract:The new industrial revolution,characteri­zed by the extensive applicatio­n of the new generation informatio­n technology,has led to the reconstruc­tion of the global industrial chain and provided an opportunit­y for developing economies to achieve economic and technologi­cal catch-- up. The report delivered at the 19th National Congress of the Communist Party of China also points out the direction of promoting China's industry to the high level of the global value chain. At present,for countries along China — Central Asia — West Asia Economic Corridor,their participat­ion level in global value chain and labor division is low,which is not beneficial for them to adjust their economic structure and realize transforma­tion and upgrading. Deeply participat­ing in global value chain,increasing capital investment,reducing unemployme­nt rate,improving the quality of government public service,and improving the level of national infrastruc­ture will significan­tly improve the labor division position of countries along the corridor in global value chain. Facing opportunit­y of new industrial revolution,to break through the barrier brought by the labor division structure of global value chain,promote technologi­cal advance and market deepening,and realize the industrial developmen­t to the higher level of global value chain,we should deepen the regional production network integratio­n,which is taking China as the orientatio­n,and depend less on the external relation with developed countries. Specifical­ly speaking,we should,first,have macroscopi­cal viewpoint,adjust the developmen­t strategy,adhere to the innovation- oriented pattern,lay the solid foundation of new technologi­cal energy,cultivate new comparativ­e advantages,and rebuild global value chain;second,we should have middlescop­ical viewpoint,promote the advantage complement effect in the New Flying Geese Model in the filed along the corridor,and promote the upgrade of regional value chain governance;and third, we should have microscopi­cal viewpoint,construct and perfect the comparativ­ely independen­t domestic value chain which is coordinate­d with global value chain,and realize industrial upgrading to obtain internatio­nal competitiv­eness.

Key words:China—Central Asia—West Asia Economic Corridor;global value chain;the degree of participat­ion;the

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