Liu Zhibiao: The Strategy of Global Industrial Chain Cluster: China's Policies and Actions when Facing the Reconstruction of Global Supply Chain

Release time:2020-05-19Author: Liu Zhibiao

After the epidemic, the global industrial chain is likely to turn inward, one of the specific forms is that global industrial chain tends to shorten in the vertical division of labor. The second form is that it tends to agglomerate in the horizontal division of labor. The trend of the reorganization of global industrial chain led by transnational corporations is most likely to form a competitive situation of global industrial chain cluster. This restructuring trend is similar to the current "double embedded" mode in which Chinese enterprises embed global industrial chain and industrial clusters. This means that the global competition in the future will become the competition of industrial chain against industrial chain and cluster against cluster. Therefore, Chinese government must take measures to encourage enterprises to "attract capital to tighten the chain, repair the chain with technology, strengthen the chain in the market, and strengthen the chain with organization", constantly improve the emerging "chain leader" and "group leader" of industrial chain, and transform the existing industrial cluster into a global industrial chain cluster.Maintaining the stability and competitiveness of China's industrial chain and supply chain is one of the strategies proposed by the central government to deal with the impact of the epidemic on China's economy. Therefore, in addition to analyzing the impact and challenges of the epidemic on the current division system of global industrial chain in the short term, we should also, in the medium and long term, according to the actual situation and changes of Chinese enterprises embedded in global industrial chain, put forward how to adapt to the world's trend of anti-globalization and the change and reconstruction of the rules of global industrial chain, take decisive and effective measures to encourage local governments. We should rebuild our position in the division system of global industrial chain with enterprises, strengthen and optimize the existing industrial clusters embedded in global industrial chain, and strive to maintain new competitive advantages in the new round of global industrial competition.