The Independent Innovation in Economic Knowledge (II): GVC and Industrial Innovation

Release time:2024-09-26Author: Yangtze IDI

Liu Zhibiao: With the increasingly fierce cooperation-competition game among global powers, the politicization, instrumentalization, and weaponization of economic and trade issues are seriously impacting the global value chain and international division of labor system. In this context, as a major country, China's exploration of appropriate industrial strategy in the dynamic evolution of the global value chain is not only an inherent requirement to adhere to the correct direction of economic globalization, but also the key point of achieving the industrial upgrading and preventing the domestic economic virtualization. In the face of new situation and new tasks, we should carefully analyze the dynamic evolution of the global value chain and summarize the practice of China's industrial development, which can help construct an independent knowledge system of Chinese industrial economics from both historical and logical dimensions, and promote high-quality development of Chinese industries.


An Tongliang et al.: The growth of the Chinese economy is the economic catch-up and surpassing based on technological innovation. In the early stage of reform and opening-up, we follow the low-end pursuit of technology reverse engineering. During the period of deep opening-up, we adhere to the technology catch-up orientation and start to align with the high-end technology. Currently, we focus on cutting-edge technological breakthroughs and lead the world. China's innovation has successfully achieved a three-level leap in technological progress, fully demonstrating the magnificent process of China as a developing country utilizing the resource endowment advantages, leveraging market scale effects, combining economic system changes, and achieving leapfrog development.