The Impact of Reconstruction of the Global Value Chain on China's Manufacturing Competitive Advantage
It is urgent for China to deploy its manufacturing industry response strategies according to the different trend characteristics of GVC reconstruction.In view of this,guided by the theoretical mechanism of GVC reconstruction localization trend affecting the competitive advantage of China's manufacturing industry,the article has selected panel data of 14 sub-sectors of China's manufacturing industry from 1995 to 2020,and constructed an econometric model for grouping regression test to clarify the differentiated impact on each sector.The empirical results show that:the localization trend of GVC reconstruction has a great impact on some low-tech sectors or low-tech production links of China's manufacturing industry,and there is a risk of being crowded out and replaced by other competitors;GVC reconstruction localization trend makes some sectors of the Chinese manufacturing industry with comparative advantages not to be replaced by other competitors in the short term;GVC reconstruction localization trend makes high-tech sectors of China's manufacturing industry still have shortcomings.Based on the evolution characteristics of competitive advantages of various sectors of China's manufacturing industry after reconstruction,this article proposes a response strategy to promote the gradual development of manufacturing industry by classification and stages,so as to cope with the disruption risk of industrial supply chain.
GVC reconstructionlocalizationGVC specialization of China's manufacturing industrycompetitive advantage
NETL
NSTL
万方数据
