2021
DOI: 10.1016/j.chieco.2021.101621
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Servicification of investment and structural transformation: The case of China

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Cited by 16 publications
(16 citation statements)
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“…China has made substantial investments both in its domestic market and on the international stage. The growth in investments in goods has been remarkable across various countries, particularly in investment-intensive economies like China, since the 1980s ( Guo et al, 2021 ). As a result, China has emerged as a significant source country for outward foreign direct investment flows ( Sauvant, 2016 ).…”
Section: Discussion and Analysismentioning
confidence: 99%
“…China has made substantial investments both in its domestic market and on the international stage. The growth in investments in goods has been remarkable across various countries, particularly in investment-intensive economies like China, since the 1980s ( Guo et al, 2021 ). As a result, China has emerged as a significant source country for outward foreign direct investment flows ( Sauvant, 2016 ).…”
Section: Discussion and Analysismentioning
confidence: 99%
“…Under the broader context of IT, the servicification of the economic structure is an essential feature of the process of updating the industrial structure. Following current studies, it is represented as the ratio of the value of the tertiary industry to that of the secondary industry (Guo et al 2021).…”
Section: Mediator Variablesmentioning
confidence: 99%
“…Its investment requires more R&D and innovation in new-generation general-purpose technologies such as 5G as well as fnancial and business services that are closely related to them. Terefore, the proportion of service inputs in the production sources is relatively high [36]. Modern service sectors, such as software and information technology services, have a wider opportunity for development and play a crucial role in fostering high-quality economic development as a result of the faster penetration of new-generation information technology into economic and social life.…”
Section: New Infrastructure Industrial Structure Upgrading Andmentioning
confidence: 99%