Contemporary Finance & Economics ›› 2020, Vol. 0 ›› Issue (6): 114-125.

• Industry & Trade • Previous Articles     Next Articles

Research on the Measurement of Servitization Level of China's Manufacturing Export: From the Perspective of Global Value Chain

YIN Wei-hua   

  1. Economic Forecasting Department, State Information Center, Beijing 100045, China
  • Received:2019-12-28 Revised:2020-03-13 Online:2020-06-15 Published:2020-12-10

Abstract: This paper makes use of the WIOD date to decompose the service factor (including the service factors inside and outside of the border) value contained in China's manufacturing export from 2000 to 2014, thereby it makes an analysis of the level of servitization of manufacturing export. The findings indicate that the level of servitization of China's manufacturing export is generally improving steadily, which means that the service factors are playing a more and more important role in manufacturing export. Compared with the developed economies, like USA and Japan, the level of servitization of China's manufacturing export is relatively lower. The domestic servitization level of manufacturing export is significantly higher than the overseas servitization level, while the overseas servitization level is easier to be affected by global financial crisis. If the impact of global financial crisis is removed, the ratio of the servitization levels of China's manufacturing export both at home and abroad will present a significant upward trend, which means that a weak sign can be found on the dominating position of the domestic service factors. Relatively speaking, the level of servitization of China's high-tech manufacturing export is the highest, while the level of servitization of China's low-tech manufacturing export is the lowest. In recent years, the level of servitization of China's low-tech manufacturing export has been improved at a faster speed, while the level of servitization of China's high-tech manufacturing export has been improved at a slower speed. Although the overseas servitization level of China's high-tech manufacturing export is the highest, its domestic servitization level is relatively lower, therefore, to improve the domestic servitization level of China's high-tech manufacturing export is the key to breaking up the blockade on service technology by the advanced economies.

Key words: global value chain, export trade, servitization of manufacturing industry, world input-output table

CLC Number: