The Influence Of Servitization Of Manufacturing Industry On China's Trade Competitive Advantage In RCEP

After entering the era of industry 4.0,service upgrading based on modern technologies such as intelligent manufacturing and big data technology has become a new trend of global manufacturing industry upgrading.Facing the great historical mission of China's manufacturing upgrading,it is of great significance to scientifically answer the role of manufacturing servitization in upgrading and prudently discuss the impact of manufacturing servitization on China's international trade,so as to clarify the direction of China's manufacturing transformation and upgrading.In order to analyze the impact of the servitization of China's manufacturing industry on China's competitive advantage in international trade,firstly,this paper establishes the economic utility function of a country based on the product life cycle model.Secondly,based on the world input-output data(WIOD),the world bank(WDI)database and the data of China's national bureau of statistics,this paper empirically tests that China's trade competitive advantage in RCEP is affected by the level of servitization of the manufacturing industry.Through the above theoretical analysis and empirical test,this paper finds that:in the long run,the improvement of manufacturing service level will enhance China's trade competitive advantage;In the short term,the servitization of manufacturing industry improves China's trade competitive advantage more than the input of other resources.Based on the empirical analysis of the relevant data of Regional Comprehensive Economic Partnership(RCEP),this paper finds that the servitization of manufacturing industry has different effects on the improvement of different dimensions of trade competitive advantage.The improvement of the servitization level of manufacturing industry can increase the depth of China's trade competitive advantage,that is,trade competitiveness,but this effect is negligible.However,the improvement of the service level of manufacturing industry can greatly improve the trade status in China's trade network,that is,the breadth of trade competitive advantage.Finally,based on the above analysis results,this paper puts forward scientific suggestions on the transformation and upgrading of China's manufacturing industry and the servitization of manufacturing industry.