CHINA IN GLOBAL VALUE CHAINS

International trade in the 21st century is characterized by the emergence and development of Global Value Chains. With the reform and opening-up deepening, China has become an important participant and practitioner of global value chains, a staunch supporter and defender of the multilateral trading system, and a contributor to and beneficiary of economic globalization. This book provides an insightful analysis of the pathways for China to upgrade in global value chains based on the country's opening strategy from the perspectives of tariff, trade facilitation, foreign direct investment, outward direct investment, opening-up of the service industry, and servitization in the manufacturing industry. It also offers best practices for theoretical and empirical studies in global value chains with sophisticated and widely-used econometric methods.

Contents:
Overview of Global Value ChainsAnalysis of China's Value Chain Participation and International ComparisonChina's Opening-up Strategy and Stylized FactsTrade Liberalization and China's Value Chain Participation and UpgradingTrade Facilitation and China's Value Chain Participation and Upgrading'Bring In' and China's Value Chain Participation and Upgrading'Go Global' and China's Value Chain Participation and UpgradingOpening-Up of the Service Industry and China's Value Chain Participation and UpgradingServitization of Manufacturing and China's Value Chain Participation and UpgradingChina's Solution to GVC RestructuringAppendix 1: RDV CalculationAppendix 2: Calculation of Servitization of Manufacturing InputAppendix 3: Asset Specificity of Industries
Readership: Policymakers, academics, professionals, undergraduate and graduate students interested in China's economic development, China's economic opening strategies, trade liberalization, trade facilitation, FDI, OFDI, service industry opening and servitization on global value chains.