Science Research Management ›› 2025, Vol. 46 ›› Issue (6): 44-53.DOI: 10.19571/j.cnki.1000-2995.2025.06.005

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The innovation-driven upgrading of China′s manufacturing global value chain under the new development paradigm

Zhao Chi1, Tao Jiayi1, Yang Jianqiang1,2, Ji Nannan3   

  1. 1. School of Economics and Management, Southeast University, Nanjing 210096, Jiangsu, China;
    2. Suzhou Branch, China Development Bank, Suzhou 215128, Jiangsu, China;
    3. Suzhou Joint Research Institute of Southeast University-Monash University, Suzhou 215123, Jiangsu, China
  • Received:2023-09-12 Revised:2024-11-25 Online:2025-06-20 Published:2025-06-06

Abstract:    Changes in technological conditions and policy environments worldwide have significantly impacted the international division of labor, leading to a phased contraction of global value chains scales. Utilizing the concept of vertical specialization within the global value chain, this paper studied the mechanisms through which product innovation influences the reconfiguration of manufacturing′s global value chain and attempted to use China′s experience to seek breakthroughs in the "low-end lock-in" dilemma of the global value chain. The results showed that it has participated deeply in the global value chain but remains at the low stage. Product innovation promotes the upgrading of the global value chain; however, the impact of innovation output and input varies and exhibits significant industry heterogeneity. After incorporating the new development pattern into consideration, the innovation output and input within the domestic circulation have a significant positive impact on the upgrading of the global value chain in manufacturing. In the realm of global trade, the impact of international circulation, along with the innovation outputs and its spillover effects, enhances the global value chain position, while the influence of innovation inputs remains insignificant. The conclusions of this study will provide empirical support for implementing the new development concept, committing to the new development pattern, and constructing a global specialized vertical division of labor system driven by domestic industries and product innovation.

Key words: global value chain, low-end lock-in, product innovation, new development pattern;dual circulation