Abstract
AbstractUtilizing diverse qualitative and quantitative evidence from two advanced manufacturing sectors, industrial robots and high-tech medical devices, this chapter identifies the upgrading trends of Chinese domestic firms from a global value chain (GVC) perspective, discusses the driving forces behind these trends, and provides a detailed look at national and local policies supporting these upgrading efforts. We find that Chinese firms are relatively weak in the global markets of the two sectors but have built competitiveness in the domestic market. Key determinants for the upgrading of local firms include both internal factors such as a very large domestic market, national guidance by the central government, policy support by local governments, innovation on key components and innovative products, as well as external factors such as global markets, foreign direct investment, the COVID-19 pandemic, and the global policy environment. These factors are likely to continue pushing upgrading in the coming years. The commonalities and differences related to upgrading in the industrial robot and high-tech medical device sectors are discussed. We highlight implications of our analysis for China’s future upgrading in advanced manufacturing GVCs.KeywordsGlobal value chainsIndustrial robotsHigh-tech medical devicesUpgradingChina’s national plansLocal government policiesCOVID-19 pandemic
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
