A Study On The Impact Of China's Producer Services Import On The Upgrading Of Manufacturing Industry

Manufacturing industry is the main body of the national economy,the way to promote the economy,and the foundation of the country.Since the thirty years of reform and opening up,China's economic development has made great achievements,especially,the development of the manufacturing industry.Whether it is from the output,or import and export volume,our country has been among the ranks of the world's manufacturing power.However,at the same time,our country is still in the process of industrialization,there is a big gap when compared with the developed countries.Our country's manufacturing industry appears big but not strong,the level of manufacturing servitization is low and still in the low end of the global value chain of manufacturing industry.Under the new form,the gradual disappearance of domestic demographic dividend and changes in domestic and international market environment,requiring a great change from "Made in China" to"Designed in China".Therefore,it is extremely urgent to improve the value of manufacturing industry in our country and accelerate the transformation and upgrading of manufacturing industry.Producer services are essential in the transmission of human capital and knowledge capital,as the intermediate inputs,it plays a more and more important role in promoting the value of the manufacturing industry.Because of the low intermediate input rate of the productive service industry in our country,it is difficult to meet the needs of the national economic construction,In order to realize the transformation and upgrading of the manufacturing and "made in China 2025 "strategic objectives,expanding the openness of China's producer service industry,encouraging the imports of producer service actively have become imperative.Therefore,it is of great practical significance to analyze the influence of producer service imports on the value of manufacturing industry from two aspects of theory and empirical analysis.On the basis of sorting out and reviewing domestic and foreign scholars' literature research,this paper analyzes the promoting effect of producer service industry on the development of manufacturing industry by using specialized division of labor theory,comparative advantage theory and value chain theory.It is concluded that the import of producer services can promote the transformation and upgrading of the manufacturing industry by promoting technological progress and innovation,reducing manufacturing cost,improving the efficiency of resource allocation,and improving the human capital and knowledge capital level of manufacturing industry.Firstly,this paper describes the development status of manufacturing servitization and producer services in China,and then studies the import and export structure of China's producer services trade,and the international competitiveness and the status quo of liberalization.On the basis of theoretical research and empirical analysis,Firstly,this paper analyzes the promoting effect of producer services on different manufacturing industries by using the direct consumption coefficient and the complete consumption coefficient of input-output model.Then the added value of the manufacturing product is used as a measure to upgrade the manufacturing industry,Multiple regression models constructed by variable selection and multiple stepwise regression analysis were made to analyze the influence of different productive service trade sectors on the upgrading of manufacturing industry.Input-output model empirical results show that different manufacturing industries depend on producer services diversely,China's producer services have more direct inputs for capital and technology intensive manufacturing sectors and less for labor-intensive manufacturing sectors,the promotion effect is not obvious for the latter.The empirical results of the multiple regression model shows on the one hand,China's manufacturing value added and Internet users,the imports of transport services and fees for the use of intellectual property imports were positively correlated and the imports of transportation services for the manufacturing industry increased value of promoting effect is far greater than the use of intellectual property import fee for the manufacturing industry to increase value of the role,on the other hand,China's manufacturing value added and telecommunications,computer and information services imports showed a negative correlation.At the end of this paper,summing up on the basis of the conclusion of the study,the author puts forward five suggestions,Firstly,expand actively the productive service trade,improve the participation level of manufacturing industry in the global value chain.Secondly,to determine the reasonable productive service trade liberalization level.Thirdly,deepen productive service industry marketization and internationalization reform.Fourthly,improve information construction,help to achieve the goal of "made in China 2025".Fifthly,increase inputs of human capital in the producer services,strengthen protection of intellectual property rights.Qualitative analysis and quantitative analysis are used in this paper to study the promoting effect of the import of producer services to the value added of manufacturing industry.Possible innovations:domestic and foreign scholars concentrated more on the relationship of producer services and manufacturing industries,or the impact that trade in producer services to manufacturing industry overall efficiency and export competitiveness,this paper from the perspective of manufacturing servitization,using input-output model and multiple regression model to study the impact of producer services import trade to the added value of china's manufacturing industry.Shortcomings:Firstly,after a comprehensive consideration of the data accuracy and availability,this paper in the productive service trade data analysis,adopting the statistical data from the State Administration of foreign exchange that according to the International Monetary Fund(IMF)?Balance of payments and international investment position manual?(6th Edition),and the services of "movement of natural persons" and "commercial presence" modes provided to host country in the GATS system are not included.Secondly,in constructing multivariate regression model to analyze the effects that imports from producer services to the manufacturing upgrading,this paper selects the higher school enrollment rate index to measure the level of human capital,and selects Internet users(per 100 person)to measure the level of informatization,as representatives of other factors to promote upgrading of the manufacturing industry.