Moving up the Value Chain: Upgrading China's Manufacturing Sector
One objective of a Chinese sustainable trade strategy is to upgrade the country's manufacturing industries so as to produce greater value added with fewer resources.
This paper examines the factors determining the current pace of upgrading by Chinese manufacturing firms. Comparisons with the overseas expansion strategies of firms from other emerging markets that are expanding abroad indicate that Chinese circumstances are particularly unusual. This report assesses the relevance for China of two prevalent systems of upgrading in industrialized countries and makes recommendations accordingly.
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