Trends in Chinese value chains 2018–2022

We examine recent changes in the structure of Chinese manufacturing value chains using a standard input-output framework. Our results suggest that the previous increasing trend in the share of domestic value added in Chinese value chains stalled during our observation period (2018–2022). We also note a shift in the geographic structure of foreign value added embodied in Chinese value chains. These changes seem to be mainly associated with trade policy measures implemented by China and other countries. China’s share has increased in the foreign value added embodied in manufacturing value chains of the US, EU and Russia.

Sisällysluettelo

Abstract ...3
1. Introduction ...4
2. Data and methodology ...4
2.1 Data ...5
2.2 Methodology ...5
3. The evolving structure of Chinese manufacturing value chains ...6
3.1 Longer-term trends in the development of Chinese value chains ...6
3.2 The changing geographic structure of foreign value added embodied in Chinese value chains ...7
4. China’s increasing role in US, EU and Russian manufacturing chains ...8
4.1 China’s share has increased in US manufacturing chains ...9
4.2 China’s share has increased in EU value chains ...10
4.3 China’s growing contribution to Russian manufacturing value chains ...11
5. Concluding remarks ...12
References ...13