1、2023 China Petroleum&ChemicalInternational ConferenceReshaping Global Value ChainIn the Digital EconomyDong YanSeptember 20,2023Institute of World Economics and Politics,CASS1Reshaping of GVCs Multinational corporations will diversify industrial agglomeration in order to enhance the chains risk-resi
2、stant ability With the changing pattern of global factor endowments,there will be a trend towards knowledge-based,digitalisation and capitalisation in the medium to long term.Greening and low-carbonisation of production methods,which will mainly affect developing countries that rely on energy export
3、s,or are in the process of industrialisationReconstruction of international economic and trade rulescompetition between major Economic powersCompetition for digital rules intensifiesTrade and climate governance nexus strengthened2Globalization Backlash and Re-GlobalizationReshaping of Global Value C
4、hainsUpper bound:SafetyTimeGlobalization/Opennesslower bound:efficiencySource:GVC Team,IWEP,CASSTimeSource:Global Alert01000200030004000500060002009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022AllHarmfulLiberalisingTRADITIONAL INTERVENTIONS PER YEAR74-25-20-15-10-5051015050000100
5、000150000200000250000300000350000202301202302202303202304202305202306202307%US$millionChinas Recent Trade Performance Export VolumeImport VolumeImport GrowthExport GrowthChinas export and import activities have generally shown a decreasing trend from January to July 2023.While the import growth rate
6、 has gradually increased over time,both the import and export volumes have been decreasing since May and June respectively.This pattern may indicate a slowdown in the regions economic growth or a decrease in demand for imported and exported goods.05101520253035404550ChinaAsiaEuro