Correlation and comparative advantage of global value chain of China's manufacturing and service industries——Empirical research based on ADB database

Abstract

Based on the perspective of comparative advantage, This paper examines the impact of the correlation between China's manufacturing and service industries before and after the global value chain on their status.he results show that the advantages of China's primary industry and low - and medium-tech manufacturing industry have declined, and the correlation between China's high-end manufacturing industry and service industry has become closer and more obvious, which is conducive to the improvement of China's position in the global value chain. Therefore, we should give full play to the comparative advantages of the industry and provide strong empirical research for China's industrial transformation and upgrading.