China’s Industrial Competitiveness and Evolving Trends on the World Market -Analysis Based on Commodities Export Data

Jin Bei 1, Li Pengfei 1 and Liao Jianhui 2
1 Institute of Industrial Economics, Chinese Academy of Social Sciences (CASS), Beijing, China
2 Graduate School, CASS

 
Abstract: On the basis of classification of technology content for export goods, this paper employs the latest trade statistics to examine the situation and evolving trend of China’s industrial international competitiveness. Results indicate that: (1) ranked by the order of low-, medium- and high-technology content, international competitiveness of China’s industrial manufactured products is in a U-shaped distribution pattern; (2) distance between China’s export advantage products and products with potentials is relatively small, which provides favorable micro-basis for steady transformation of export structure; (3) medium and high-technology manufactured products including machinery and transport equipment will lead the upgrade of China’s export; and (4) countries in south Europe, transitional countries of the Central and Eastern Europe, and India will challenge China’s leading position in low-technology products; China will compete with advanced countries of Europe in the area of medium-technology manufactured products and needs to catch up with and overtake the United States, and the developed economies in Europe and East Asia in the area of high-technology manufactured products. In order to enhance China’s industrial international competitiveness, the government should pay great attention to the issue of the lack of competitiveness and low product density of medium-technology manufactured products, objectively view the dual effect of labor-intensive manufactured products in the upgrade of China’s export structure, timely optimize policy portfolio for high-technology industries and give the highest priority to climbing up the value chain.

Keywords: export, competitiveness, product density

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