Research On The Impact Of Participation In Global Value Chains On The Markup Rate Of Chinese Enterprises

With the development of economic globalization,trade links between countries have become increasingly close,and enterprises have also crossed spatial constraints,producing products and services that are circulated globally.As Chinese enterprises continue to deeply embed into the global value chain,their value creation ability and competitiveness have been significantly improved,making Chinese enterprises occupy a place in the international market.However,in recent years,due to the rise of trade protectionism,countries around the world have implemented border trade blockade restrictions in order to protect their national interests,which has caused a significant impact on the process of economic integration.In particular,in order to curb the peaceful rise of China’s development,the developed countries led by the United States have repeatedly adopted economic sanctions against China,forcing the "decoupling and chain breaking" of Sino US relations.In the face of this sudden chain breaking crisis in the global value chain,we should consolidate the position and role of our enterprises in the global value chain,and revitalize the global value chain by improving the development strength of our enterprises to increase the opportunities for our enterprises to participate in the global economic development,It will help China better integrate into the global value chain.Therefore,this article will study the necessity of enterprises participating in global value chains,the impact mechanism of participating in global value chains on enterprise markup rates,and the issues that different types of enterprises need to pay attention to when participating in global value chains.The resolution of these issues has important practical significance for the current situation of Chinese enterprises in the international market.This article mainly uses the combined data of China Industrial and Enterprise Database and China Customs Database from 2000 to 2006 to calculate the indicator of enterprise cost markup rate from the micro level,which is used to reflect the actual gains of enterprises in the market.It also empirically examines the impact of participating in global value chains on enterprise cost markup,and further reflects the impact of participating in global value chains on their competitiveness.The research results show that the participation of enterprises in global value chains does have a significant positive impact on their cost plus rate.Through the heterogeneity test,it is found that general trading enterprises and foreign-funded enterprises can obtain higher cost plus rates from participating in global value chains compared to other types of enterprises.Through further mechanism analysis,it is found that in the process of participating in global value chains,enterprises mainly improve their cost plus rate by obtaining higher production efficiency and improving their innovation capabilities.Therefore,Chinese enterprises should actively participate in the restructuring process of global value chains,promote the transformation and upgrading of Chinese processing enterprises,improve their innovation capabilities and production efficiency levels,and improve their cost plus rate,so as to have a certain position and voice in the severe international situation.