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Trends in Chinese value chains 2018-2022

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  • Simola, Heli

Abstract

We examine recent changes in the structure of Chinese manufacturing value chains using a standard input-output framework. Our results suggest that the previous increasing trend in the share of domestic value added in Chinese value chains stalled during our observation period (2018-2022). We also note a shift in the geographic structure of foreign value added embodied in Chinese value chains. These changes seem to be mainly associated with trade policy measures implemented by China and other countries. China's share has increased in the foreign value added embodied in manufacturing value chains of the US, EU and Russia.

Suggested Citation

  • Simola, Heli, 2023. "Trends in Chinese value chains 2018-2022," BOFIT Policy Briefs 14/2023, Bank of Finland Institute for Emerging Economies (BOFIT).
    • Handle: RePEc:zbw:bofitb:142023
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    References listed on IDEAS

    as
    1. Laura Alfaro & Davin Chor, 2023. "Global Supply Chains: The Looming “Great Reallocation”," NBER Working Papers 31661, National Bureau of Economic Research, Inc.
    2. Simola, Heli, 2021. "The impact of Covid-19 on global value chains," BOFIT Policy Briefs 2/2021, Bank of Finland Institute for Emerging Economies (BOFIT).
    3. Kaaresvirta, Juuso & Kerola, Eeva & Nuutilainen, Riikka, 2023. "Do international investment and trade flows show any signs of fragmentation?," BOFIT Policy Briefs 12/2023, Bank of Finland Institute for Emerging Economies (BOFIT).
    4. Heli Simola, 2018. "Chinese Services Gaining Significance in Global Production Chains," Asian Economic Papers, MIT Press, vol. 17(2), pages 50-64, Summer.
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    Keywords

    value-added trade; global value chains; fragmentation; input-output; China;
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