The Influence Of Liberalization Of Service Industry Based On Industry Association On Chinese Manufacturing Export

Since the reform and opening up,China has rapidly integrated into the global production wave led by the developed countries by virtue of its labor force advantage,and achieved economic take-off through export trade.However,in recent years,due to the impact of Sino-US trade friction,the rise of domestic production costs and the imbalance of industrial structure,the problems of low technology content and lack of competitiveness of Chinese manufacturing export products have become increasingly prominent,which has become the bottleneck restricting the development of Chinese export trade.In recent years,high quality,high value-added service factors through the industry correlation to the continuous penetration and strong support of our manufacturing industry development has opened a new breakthrough for our product export,the service intermediary investment in our industrial manufacturing system to play a more and more critical role,and the impact of service industry foreign capital liberalization on manufacturing export has also not been ignored.Therefore,the study on the influence of foreign capital liberalization in service industry on manufacturing export based on industry correlation has important practical significance for the comprehensive evaluation of the influence of foreign capital liberalization in service industry on Chinese economy.Meanwhile,it puts forward a new thinking for China to overcome the supply side obstacles of service factors and get rid of the label of "low quality" in Chinese manufacturing industry by taking advantage of the opening of foreign capital in service industry.Firstly,this paper establishes the theoretical framework of the impact of foreign capital liberalization in service industry on manufacturing export based on industry association.Secondly,by using the FDI Restriction index released by OECD and the Catalogue of Foreign Investment Industry in China,the liberalization index of service industry is constructed,and the liberalization level of service industry is measured.Later,using the input-output table data complete consumption coefficients calculation of correlation degree between the services and manufacturing industry,as a industry association embedded in manufacturing intermediate liberalization of foreign investment services index weights,the indicators as the core explanation variable is used to examine the service liberalization of foreign investment effect on manufacturing exports.Finally,based on the panel data of manufacturing industry from 2003 to 2020,an econometric model is constructed,and the impact of foreign capital liberalization in service industry on manufacturing export is empirically tested based on industry correlation.At the same time,the impact of foreign capital liberalization in service industry on manufacturing export is investigated from the perspective of heterogeneity between subdivided service industry and subdivided manufacturing industry.The results show that the overall level of foreign capital liberalization in the service industry is increasing,and the level of foreign capital liberalization in the manufacturing intermediate input service industry is consistent with the overall level of foreign capital liberalization in the service industry.At the same time,with the improvement of foreign capital liberalization in service industry,the relationship between service industry and manufacturing industry is also deepening.In addition,from the perspective of service industry as a whole,the liberalization of service industry can significantly promote the export of Chinese manufacturing industry;In terms of the subdivided service industries,the liberalization of foreign capital control in distribution,transportation and communication services is helpful to promote manufacturing export,while the liberalization of foreign capital in financial services and business services has no significant effect on manufacturing export.In terms of subdivided manufacturing industries,the liberalization of foreign capital in service industry has a significant effect on the export of technology-intensive and capital-intensive manufacturing industries,but has no significant effect on the export of labor-intensive manufacturing industries.