Study on the Enhancement of China’s Manufacturing Global Value Chain Position under the “Belt and Road” Initiative

Abstract

This study takes “the Belt and Road” strategy as the background, Selects the relevant data from the National Statistical Yearbook from 2003 to 2020, and uses the VAR model for analysis. The results show that the three variables selected in this study which are Trade Freedom, R&D capability, and FDI can promote the GVC status of the manufacturing industry. Finally, this study gives relevant suggestions to promote the development of trade liberalization, and promote infrastructure connectivity to enhance the status of China’s manufacturing industry in the global value chain under the background of the “ Belt and Road.”