Research On The Influence Of Two-Way FDI On The Position Of China In The Global Value Chain

In recent years,the annual flow scale of China's IFDI and OFDI has begun to show a balanced situation,and has both the status of host country and investor country,but in the global value chain(GVC)system,it is still in the low-end link.The upgrading of value chain means that a country occupies a more important position in the division of international value chain and engages in the production of more valuable products.While attracting foreign investment and foreign investment for the purpose of upgrading the value chain,China will open its doors completely,actively participate in the international division of labor and experience the baptism of fierce international competition.Well,China will attract foreign investment and foreign investment to China.Whether the upgrading of the value chain has a pulling effect,and what is the interaction between the impact of IFDI and OFDI on the upgrading of the value chain has become an important practical issue.In view of the above problems,this paper analyzes the impact of bi-directional FDI on the upgrading of China's value chain from the perspective of theory and demonstration.Based on a great deal of literature collection and analysis,this paper establishes the theoretical basis of bi-directional FDI and GVC,and analyzes the linkage effect of IFDI and OFDI on the upgrading of the value chain.It is found that the influence of IFDI and OFDI on the upgrading of value chain can promote or restrain each other.If IFDI and OFDI If we can coordinate the development,then the impact of the two on the upgrading of the value chain has a mutually promoting interaction,embodied in two aspects: the mutual strengthening of the promotion and the weakening of the inhibition.If the development of IFDI and OFDI is not coordinated,the influence of them on the upgrading of value chain is mutually restrained,which is reflected in two aspects: the weakening of each other and the deterioration of the interaction of inhibition.It is further found that the conditions for the coordinated development of IFDI and OFDI are that both OFDI and IFDI give full play to the comparative advantages of the investors themselves as well as the host countries,and that both the OFDI and the IFDI give full play to the comparative advantages of the host country.Strengthen the advantages of technology,capital and human capital through the industrial correlation between the two.Finally,based on the conclusion of mechanism analysis and empirical analysis,this paper puts forward the combination of the development of two-way FDI and the upgrading of value chain,gives the corresponding industrial development guidance policy,and gives consideration to the development of IFDI and OFDI.Accelerate the improvement of investment management system and policies and increase the training of human capital and R & D investment policy recommendations.