TITLE:
Unraveling the “New China Puzzle”: Exploring Global Value Chain Dynamics Using the GVC Participation Index
AUTHORS:
Shiwen Gu, Ya’nan Qiu, Kun Xie
KEYWORDS:
Globalization, “New China Puzzle”, Global Value Chain (GVC), Global Value Chain Participation, Employment Rate, GDP Growth Rate
JOURNAL NAME:
Open Journal of Business and Management,
Vol.12 No.6,
November
21,
2024
ABSTRACT: Global trade dynamics have undergone significant transformations, leading to the globalization of production processes, with global value chains (GVCs) playing a crucial role in this evolution. This study addresses the gap in understanding China’s position within these chains, particularly in the “New China Puzzle context”. It aims to assess China’s current status in the GVC landscape, identify the factors influencing its integration, and analyze the contrasting economic developments of China and the United States. This study has leveraged secondary key statistical data analysis to achieve these objectives. Key data indicators include imports, exports, GDP growth rates, employment rates, trade, and investment patterns for China and the U.S. By examining these data, the study explores the dynamics of GVCs in both nations and investigates the trajectories of their economic development. The findings obtained from this study have highlighted the critical role of trade and various influencing factors in national development. Moreover, the study has also presented an analysis of trade policies. Ultimately, this study sheds light on the significance of GVC participation in developing China and the U.S., emphasizing China’s evolving role within these global networks.