Abstract
According to the spirit of the 20th National Congress report, China should not only adhere to the depth of embedding in the global value chain, but also enhance the height of embedding in the global value chain. Therefore, China should actively explore and develop towards the high-end of the value chain. This article aims to explore the relationship between two-way direct investment and the climb of the global value chain. According to the research results, two-way direct investment can promote economic development through multiple mechanisms and further achieve China's climb in the global value chain. Currently and even in the future, we need to further strengthen policy coordination, optimize the investment environment, improve the efficiency and quality of two-way investment, in order to promote the global value chain to a higher level.
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