On December 19th, at the "2020 New Think Tank Governance and Ideological and Theoretical Communication Forum" co-sponsored by Guangming Daily and Nanjing University, Professor Liu Zhibiao, dean of the Yangtze River Industrial Economy Research Institute, and his team won the "annual excellent achievement" award for their series of studies on "economic globalization strategy based on domestic demand" lasting for more than ten years.The series of research is summarized as follows.Stage 1 (2007-2012)Through the long-term observation of China's industrial development mode, it is found that the mode of OEM production based on international market (external demand) joining GVC (global value chain) has a boiling-frog effect, that is, Chinese enterprises are captured by international buyers for a long time and suppressed at the bottom of the value chain, so it is difficult to achieve economic transformation and upgrading and innovation development. The study judged that this model is unsustainable due to the laws of economic development and the limited resources. At the same time, it put forward a preliminary idea of shifting to the NVC (domestic value chain) model based on the domestic market.Stage 2 (2012-2018)After years of continuous tracking of China's industrial development and in-depth theoretical research, the idea of "economic globalization strategy based on domestic demand" is formally established and put forward. It points out that this strategy is the 2.0 version of China's economic globalization strategy under the guidance of further opening-up. It systematically explains the connotation, characteristics, formation mechanism and development effect of the theory of "economic globalization based on domestic demand", and proposes the realization path and key direction of strategic transformation.Stage 3 (2018 - present)After the team entered the national high-end think tank system, facing the macro background of rapid changes in the world situation, such as Sino-US trade frictions, de-globalization, acceleration of technological change, and deep-seated reshaping of the global industrial structure, the team focuses on transforming profound theoretical accumulation into service decision-making and guidance of public opinion, promoting the establishment of a new development pattern of "dual circulation" and the transformation of economic globalization strategy.Looking to the futureWe put forward a "three-step" strategic transformation of China's economic globalization from global value chain (GVC) based on external demand, to domestic value chain (NVC) based on domestic demand, and then to global innovation chain (GIC) that uses domestic demand to siphon innovative elements. We will focus on the important issues, carry out continuous theoretical research, practical observation and forward-looking research and judgment, and contribute the strength of high-end think tanks to the cause of China's socialist modernization in the "great changes unseen in a century".
