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International trade in the 21st century is characterized by the
emergence and development of Global Value Chains. With the reform
and opening-up deepening, China has become an important participant
and practitioner of global value chains, a staunch supporter and
defender of the multilateral trading system, and a contributor to
and beneficiary of economic globalization. This book provides an
insightful analysis of the pathways for China to upgrade in global
value chains based on the country's opening strategy from the
perspectives of tariff, trade facilitation, foreign direct
investment, outward direct investment, opening-up of the service
industry, and servitization in the manufacturing industry. It also
offers best practices for theoretical and empirical studies in
global value chains with sophisticated and widely-used econometric
methods.
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