Research on the Transformation and Upgrading Pathways of China's Foreign Trade Against the Backdrop of Global Value Chain Restructuring
Journal: Modern Economics & Management Forum DOI: 10.32629/memf.v6i6.4671
Abstract
The global value chain is currently undergoing profound restructuring. Multiple factors, including geopolitical shifts and technological transformations, are driving a series of transitions: from globalization to regionalization, and from efficiency-first to security-diversified approaches. This transformation presents both challenges and opportunities for upgrading and transforming China's foreign trade.This paper analyzes the drivers and characteristics of GVC restructuring, dissects the core challenges facing China's foreign trade, and proposes strategic pathways for ascending to the mid-to-high end of global value chains. These pathways are developed across four dimensions: innovation-driven development, industrial chain construction, market expansion, and rule adaptation.
Keywords
global value chain restructuring; China's foreign trade; transformation and upgrading; innovation-driven development; industrial chain resilience
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[5] World Bank. (2022). World Development Report 2022: Trading for Development in the Age of Global Value Chains. Washington, DC.
[6] IMF. (2023). World Economic Outlook: A Rocky Recovery. Washington, DC.
[7] OECD. (2022). OECD Digital Economy Outlook 2022. Paris.
[8] Wei Long, Wang Lei. From Embedding in Global Value Chains to Dominating Domestic Value Chains: Strategic Choices for China's Industrial Upgrading [J]. China Industrial Economics, 2021(6): 5-22.
[9] Ge Shunqi, Tian Xi. Global Value Chain Restructuring and China's Outward Foreign Direct Investment [J]. World Economy Research, 2023(1): 3-15.
[10] Yu, X. D., & Wang, Z. (2022). Drivers, Trends, and China's Countermeasures in the Reconfiguration of Global Value Chains [J]. Management World, 2022(5): 44-58.
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