With the structural change of global value chain, China's economic development has entered new normal. In recent years, China's labor force, resources and environment have no longer had comparative advantages, which requires enterprises that were originally at the low end of the global value chain to move up to the middle and high end of the value chain, and shift from the pursuit of quantity growth to the pursuit of value-added improvement. The main way is to transform the product processing from low-end to middle and high-end, and improve the technical content and added value of products. Although China's traditional comparative advantages of resource endowments are being lost, new comparative advantages beyond resource endowments are emerging, such as huge market demand scale, industrial services and supporting environments, innovation-driven development strategies, institutional and policy advantages, and economic growth rate which is still in the forefront of the world, etc. At the same time, under the conditions of changing comparative advantages, the dominant position of China's enterprises in the global value chain needs to be cultivated and created.
