Development is the foundation and key to solving the problem. A more inclusive, open and innovative China is expected to inject new dividends into the process of economic globalization and create new opportunities for the transformation and upgrading of the global economy.With GVC as the carrier, the process of economic globalization has obviously accelerated, and it has entered a golden period of rapid development about 10 years before and after the turn of the century. At present, as the carrier of economic globalization, GVC is facing three major challenges. Firstly, its dynamic effects on driving the growth of trade, investment and economy are weakened. Secondly, the structural imbalance has become a common problem globally, and it is more prominent and has a more serious impact on developed countries and major emerging economies. Thirdly, the trend of anti-globalization is surging.Reconstructing GVC has become a global consensus. The logical essence of GVC is a global division of labor system with innovative technology, market demand and institutional supply as the support, and value as the link, which highly integrates the interests of enterprises, countries and regions. China will promote the reconstruction of GVC from three dimensions of institutional construction, technological innovation, and market upgrading. And we will rely on new-type GVC to promote the global economic development in a new way, and inject institution dividends, innovation dividends, and market dividends into the economic globalization.
