Research On The Impact Of China’s Industrial Transfer To "Belt And Road" Countries On The Global Value Chain Division Of Manufacturing In Host Countries

The emergence of Global Value Chain(GVC)directly promotes the prosperity and development of the world economy,and objectively provides a rare opportunity for more developing countries to integrate into the Global economic division of labor system.However,developed countries occupy a long-term favorable position in GVC,which makes most countries suffer from "unequal status" treatment of GVC.After the financial crisis,the interaction and transfer of "high-end reflux" and "low-end diversion" in the global manufacturing industry emerged one after another.COVID-19 has further impacted the GVC chain and accelerated the restructuring of GVC.All countries are actively responding to the challenge of THE restructuring of GVC.China plays a key role in international industrial transfer.In recent years,China has been constantly adjusting its role and positioning,hoping to achieve mutual benefit and win-win between China and neighboring countries through industrial transfer.At present,"The Belt and Road"(B&R)initiative has strengthened The economic relations among countries.Against The background of international public opinion,if we can get The research findings that China’s industrial transfer to countries along The Belt and Road has a positive impact on The GVC division of labor in The manufacturing industry of The host country,To a certain extent,it can provide theoretical support for the "economic correctness" of the belt and Road Initiative and the reconstruction and optimization of GVC.In the current research literature,the influence of China’s industrial transfer to "B&R" countries on the GVC division of labor in manufacturing is mostly qualitative research,focusing on whether the transfer of foreign industries can improve the GVC division of labor in China’s manufacturing industry or promote the upgrading of domestic industrial structure.There are only a few literatures analyzing the significance of industrial transfer from the perspective of countries along the Belt and Road.In addition,due to outdated data,some empirical studies are not convincing for the industrial transfer effect after the B&R initiative is put forward.Based on this,this paper selects the latest data and takes the manufacturing industry as the research object to empirically test China’s role in the GVC division of labor and the important role of GVC reconstruction and optimization in the host country’s manufacturing industry transfer.Firstly,this paper defines the connotation of global value chain and industrial transfer theoretically,systematically sorts out the theories related to them,and analyzes the three effect mechanisms of technology spillover,local market and business environment improvement to provide theoretical support for the research of this paper.Secondly,the index of GVC division of labor in the manufacturing industry of the host country is calculated by the value-added decomposition accounting method.The technology-intensive manufacturing industry is taken as an example to compare with developed countries internationally,and the total scale and industry distribution of China’s industrial transfer to countries along the Belt and Road are analyzed.Then,based on the national panel data from 2010 to 2019,an empirical model was constructed to test the relationship between host countries undertaking China’s industrial transfer and GVC division of labor in the manufacturing industry.Robustness test,country heterogeneity analysis and mechanism effect test were conducted.The results show that,on the whole,China’s foreign industry transfer has a positive impact on the GVC division of labor in the manufacturing industry of "B&R" sample countries,and the technological progress,the degree of rule of law and the participation of GVC in the manufacturing industry of the host country also have a positive impact on the improvement of its own manufacturing GVC division of labor.The study of country heterogeneity shows that China’s industrial transfer to countries along the Belt and Road has a significant positive correlation with the manufacturing GVC position in middle and high income and low income countries,while the impact on the manufacturing GVC division position in high income countries is not obvious.The mechanism effect test shows that there are three major effects: technology spillover,local market and business environment improvement.Finally,based on the research conclusions,this paper gives the corresponding countermeasures and suggestions.