Business, Management and Accounting
8 years ago

China's Belt and Road Initiative boosts industrial cluster upgrading globally.

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Service Science and Management
“Belt and Road Initiative” and Industrial Cluster Upgrading of China—Based on the Perspective of Global Value Chain
永辉 邱

Paper Summary

The "Belt and Road Initiative" in China aims to upgrade industrial clusters by moving towards higher value-added industries. By focusing on technology, process, and product upgrades, China can climb the global value chain and shift from manufacturing to core technology development and marketing services. This strategy helps China utilize excess production capacity and learn from leading companies to enhance its position in the global value chain. The initiative provides strategic opportunities for China's industrial cluster upgrading.

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