Outward foreign direct investment and GVC position of manufacturing industry: A perspective on China's general trade and processing trade structure.

ABSTRACT: Depending on the trading modes, the effect of Outward Foreign Direct Investment (OFDI) on the manufacturing industry's position within the global value chain (GVC) may differ considerably. This paper examines the GVC position of China's manufacturing industry from 2003 to 2018, specifically focusing on the general trade and processing trade. Drawing upon this premise, this paper analyzes the effect and mechanism by which OFDI influences the GVC position of China's manufacturing industry. The result demonstrates that: (1) China's processing trade manufacturing industry has a much lower GVC position than general trade manufacturing industry. The GVC position of China's general trade manufacturing industry rose from 2.76 to 2.90 from 2003 to 2018, while processing trade manufacturing industry

SUBMITTER: Ren F 

PROVIDER: S-EPMC10756523 | biostudies-literature | 2023

REPOSITORIES: biostudies-literature