Abstract
Using the latest value-added trade data of the OECD-TIVA database, we estimate the position and participation mode of the manufacturing industry and its sub-industries in the two countries in the GVC division of labor. The results show that :(1) since 2005, the division of labor in the global value chain of China's manufacturing industry has been gradually improving, while the United States has been gradually declining. (2) China's position in the global value chain of manufacturing industry is getting closer to that of the United States. China's total participation in manufacturing industry has been higher than that of the United States for a long time. (3) China's manufacturing industry is becoming less and less dependent on the US. On the contrary, the US is becoming more and more dependent on China.
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