Research on the Digitization of Manufacturing Will Enhance the Competitiveness of the Value Chain Based on Advantage Comparison

A country’s manufacturing industry is often an important route for national prosperity, but it is also a conduit by which a digital economy may become truly useful. This is so the deep integration of the digital economy and manufacturing industry can enhance independent innovation efficiencies, promote the development of advanced manufacturing clusters, and constantly spawn new models, forms of business, and industries. Consequently, it is crucial to improve China’s global manufacturing value chain. This article starts with an analysis of the development status and competitiveness of the digital economy in China and abroad. It establishes a structural equation and uses the latest data from the World Input-Output and Asian Development Bank databases. It introduces new variables, such as digitization, research and development (R&D) investment, and industrial scale to empirically analyze China’s manufacturing industry’s global value chain (GVC). The results show that the digitization of China’s manufacturing industry can increase the forward participation of GVC in the manufacturing industry to improve the division status of GVCs. Analyses suggest that due to insufficient R&D investment in the division of labor in the GVCs, China’s manufacturing industry is prone to low-end lock-in, inefficient industrial structures, and weak innovation ability. Consequently, the following suggestions are proposed: China’s manufacturing industry needs to accelerate digital transformation, increase R&D investment, actively participate in the division of labor in the GVCs, and enhance core competitiveness.

Section: Theoretical Mechanism Of the Division Of Labor And Level Of ...mentioning

confidence: 99%

Research on China’s Manufacturing Industry Moving towards the Middle and High-End of the GVC Driven by Digital Economy

Zhou

Tang

et al. 2022

“…As one of the world's largest manufacturing powers, China's manufacturing industry has always played a crucial role in the Chinese economy [45]. The advancement of this industry not only assumes a critical role in fostering domestic economic growth but also holds a significant stance in the realm of international trade [46].…”

Section: Manufacturing Sector In the Chinese Economymentioning

confidence: 99%

Digitalization’s Effect on Chinese Employment Mechanism Study

Zhao,

Tang

2024

The influence of the digital revolution on the labor market is undeniably profound. While much of the existing research has concentrated on the role of digitalization in boosting employment rates, its impact on the long-term sustainability of employment remains largely unexplored. In the context of prevailing uncertainties, the imperative to bolster employment resilience through digitalization becomes increasingly apparent. This study aims to bridge the existing gap by introducing an innovative analytical framework that integrates digitalization, enterprise resilience (ER), and sustainable employment (SE). Focusing on publicly listed companies within China’s manufacturing sector, the research employs fixed effects models and mediation analysis to intricately explore the interactions among these variables. The investigation yields several pivotal insights: (1) digitalization has a significantly positive impact on sustainable employment; (2) enterprise resilience acts as a positive mediator in the relationship between digitalization and sustainable employment; (3) through heterogeneity analysis, it is demonstrated that digitalization plays a more pronounced role in bolstering employment stability in non-high-tech industries and companies exhibiting superior financial health in the eastern region. These findings offer critical perspectives for informing government policy and devising corporate strategies that capitalize on digitalization and enhance enterprise resilience, thereby promoting more sustainable employment trajectories.

“…Li et al believe that the continuous digital technology revolution can improve the coordination between business strategy and digital technology, hence fostering corporate growth [12]. From the perspective of global value chains, Wu et al assert that the digitization of the manufacturing industry will improve the comparative advantage and competitiveness of the country in the global value chain [13]. In a competitive context, firms launch digital innovation mechanisms, and digital innovation can also alter the competitive climate in which enterprises operate [14].…”

Section: Related Workmentioning

confidence: 99%

Research on Enterprise Digital-Level Classification Based on XGBoost Model

Ren

Wang

2023

Digital knowledge and information have become significant production variables that have permeated all aspects of life and play a leading and supporting role in the growth of the real economy as the digital economy has developed. Through field research and web research, this study identifies digital-economy-related enterprises as the survey object; summarizes the fundamental information for these enterprises, their level of digitization, and the dilemma and demands of digital-level advancement; and generates survey data for 1936 enterprises. On the basis of these data, this study extracts the elements that influence the improvement of the enterprises’ digital level, applies statistical knowledge and machine learning techniques, and derives an enterprise digitization level index system and associated index score for enterprise digitization level. The experimental results indicate that the region, the time of establishment, the nature of ownership, the number of employees, R&D investment, being a national high-tech enterprise, and the establishment of digital transformation management departments have major effects. The AUC value of the XGBoost model modeled using all feature variables has achieved certain results, and the five assessment indices of the model have been enhanced to varying degrees, with the AUC being 0.9263.