Research On Trade Friction Based On Global Value Chain

According to customs statistics,total import and export value of goods trade in China was 24.33 trillion RMB and trade surplus was 3.35 trillion RMB in 2016.In 2016,domestic investors altogether made non-financial direct investment in 7961 overseas companies in 164 countries and regions across the globe.Corresponding accumulative investment totaled 1129.92 billion RMB(170.11 billion USD),with a year-on-year growth rate of 44.1%.Since the entry of WTO,China has been positively engaged in international trade activities with other countries and striving for obtaining economic earnings,improving national status and winning right of speech in all sorts of global organizations.In the very beginning,the export product of China is famous for "made in China" in the world,seized high market shares in global low-end products and remained at the bottom of global value chain.Although China continually improves its foreign trade status in global trade,it does not greatly elevate the status in global value chain.Therefore,Chinese government and society are making great effort in improving this situation,such as deepening the relationship between government and social groups like corporates and industrial associations,so that they could work together to optimize the industrial structure.In this way,China could further rise up in the global value chain to grab the dominant power in the global division and break the malicious cycle caused by the current passive role.The proposal of "created in China" concept symbolizes the resolution for China to reverse its status in global value chain and simultaneously means the progress of China towards the mid and high-end link of global value chain.However,the rapid development of global trade in China also impedes the interests of other countries.Especially,in recent few years,developed countries generally advocate protective trade policies and initiate several trade protection proceedings against China in various names and excuses.This severely obstructs the industrial transformation progress of China which relies on global value chain labor division interest temptation and the elevation of the status of China in global value chain labor division on the premise of industrial structure optimization.With this concern,Chinese corporates and government need to understand potential relationship between global value chain division and trade conflicts,and correctly recognize the importance of global value chain and urgency of growing our role in the global value chain.It is crucial to find the right methods and strategies to improve the relationship between other trade partners and china from the source to avoid the frequent moves of other countries due to trade conflicts with us.Therefore,it is of great significance to study the influence of global value chain division on traditional trade division and further explore the reasons behind the deepened trade conflicts between other countries and China,so as to learn how to get rid of the impacts of trade conflicts and accelerate the path of growing our role in the global value chain division...