Research on China’s Manufacturing Industry Moving towards the Middle and High-End of the GVC Driven by Digital Economy

A country’s manufacturing industry is often an important route for national prosperity, but it is also a conduit by which a digital economy may become truly useful. This is so the deep integration of the digital economy and manufacturing industry can enhance independent innovation efficiencies, prom...

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Bibliographic Details
Main Authors: Boamah, V. (Author), Chen, W. (Author), Da, D. (Author), Kong, L. (Author), Tang, D. (Author), Zhou, R. (Author)
Format: Article
Language:English
Published: MDPI 2022
Subjects:
Online Access:View Fulltext in Publisher
LEADER 02454nam a2200229Ia 4500
001 10.3390-su14137717
008 220718s2022 CNT 000 0 und d
020 |a 20711050 (ISSN) 
245 1 0 |a Research on China’s Manufacturing Industry Moving towards the Middle and High-End of the GVC Driven by Digital Economy 
260 0 |b MDPI  |c 2022 
856 |z View Fulltext in Publisher  |u https://doi.org/10.3390/su14137717 
520 3 |a A country’s manufacturing industry is often an important route for national prosperity, but it is also a conduit by which a digital economy may become truly useful. This is so the deep integration of the digital economy and manufacturing industry can enhance independent innovation efficiencies, promote the development of advanced manufacturing clusters, and constantly spawn new models, forms of business, and industries. Consequently, it is crucial to improve Chi-na’s global manufacturing value chain. This article starts with an analysis of the development status and competitiveness of the digital economy in China and abroad. It establishes a structural equation and uses the latest data from the World Input-Output and Asian Development Bank da-tabases. It introduces new variables, such as digitization, research and development (R&D) in-vestment, and industrial scale to empirically analyze China’s manufacturing industry’s global value chain (GVC). The results show that the digitization of China’s manufacturing industry can increase the forward participation of GVC in the manufacturing industry to improve the division status of GVCs. Analyses suggest that due to insufficient R&D investment in the division of labor in the GVCs, China’s manufacturing industry is prone to low-end lock-in, inefficient industrial structures, and weak innovation ability. Consequently, the following suggestions are proposed: China’s manufacturing industry needs to accelerate digital transformation, increase R&D invest-ment, actively participate in the division of labor in the GVCs, and enhance core competitiveness. © 2022 by the authors. Licensee MDPI, Basel, Switzerland. 
650 0 4 |a digitization 
650 0 4 |a manufacturing value chain in China 
650 0 4 |a promotion countermeasure 
700 1 |a Boamah, V.  |e author 
700 1 |a Chen, W.  |e author 
700 1 |a Da, D.  |e author 
700 1 |a Kong, L.  |e author 
700 1 |a Tang, D.  |e author 
700 1 |a Zhou, R.  |e author 
773 |t Sustainability (Switzerland)