China in the International Segmentation of Production Processes
This structural analysis of China's foreign trade shows that its outstanding performance in world markets is directly linked to its involvement in the international segmentation of production processes. China's tariff policy in favour of processing activities proved very successful in creating export-oriented industries based on imported inputs. Production sharing with Asian countries has resulted in highly internationalised and competitive industries, while China's traditional export sector has remained sluggish. China displays a strong specialisation in the downstream stages of production processes, associated with large deficits in the upstream stages (semi-finished products and components). This vertical division of production has enabled China to rapidly diversify its exports of consumption goods, and to create strengths in capital goods exports, especially in electrical machinery. Imports of parts and components embody a large share of high technology and represent an important channel for the transfer of technology into China.
China; Trade policy; Economic integration; Specialisation; International segmentation of production processes; Technology transfer
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