Research On "Reindustrialization" And The Export Competitiveness Of Manufacturing Industries In China

Manufacturing is the basic guarantee for a country’s economy to achieve long-term development. As early as the2008economic crisis, the developed countries have already started "re-industrialization" to return to the real economy, tried to layout advanced manufacturing and promote domestic exports, so as to occupy the commanding position in industry development in the future, they try to block china from high technology, thus trade between China and developed countries has been transformed from a complementary relationship for competition, which challenges the development of China’s manufacturing industries.For China, the traditional way of joining international division of labor with comparative advantage based on cheap labor and resources has been into the bottleneck, in order to achieve the long-term development, we must push to upgrade manufacturing and create manufacturing export competitiveness. This paper aims to use the theoretical and empirical analysis combined with learning experience from the developed countries’ in manufacturing exports, and then draw the conclusion of ways to enhance the competitiveness of China’s manufacturing exports under the background of "re-industrialization".In this paper, I choose the impact of "re-industrialization" in developed countries (mainly Germany, America,Japan) on China’s export manufacturing sector as a starting point, and use of competitive advantage index (CA) to measure the export competitiveness of China’s28 manufacturing industries. I find that since the developed countries "re-industrialization" policy has begun, China’s16manufacturing industries’ export competitiveness have declined, the top three sharpest decline are the wood processing and wood, bamboo, rattan, brown grass products industry, non-ferrous metal smelting and rolling processing industry and sporting goods manufacturing. In addition, this paper join two variables--"re-industrialization" policy and human capital into Michael·Porter’s diamond model. The final results are that "re-industrialization" policy has brought a significant negative impact toward the export competitiveness of China’s manufacturing overall, raw materials industry, consumer goods industry and equipment manufacturing industry, and raw materials industry has suffered the most. Fixed capital, labor force, and the degree of industrial agglomeration have played different roles in promoting China’s manufacturing industry. The human capital has not brought a significant impact on the export competitiveness of China’s manufacturing industry. Based on the results, I learn from the experience of developed countries’ manufacturing industries, and make proposals in five expects to improve the export competitiveness of China’s manufacturing industries.