The Global Value Chain Position of China’s Service Industry

Abstract

With the development of new technology, especially the wide application of modern information technology, the internal transformation and upgrading of the industry has been promoted, and new changes and trends have emerged in the international division of labor. The service industry is playing an increasingly important role in the division of labor in the global value chain. Based on the value-added data of the service industry in the TIVA database from 2005 to 2018, this paper uses fixed effect and random effect models to carry out regression analysis on traditional service industry, modern service industry and information technology-based service industry respectively. To analyze the impact of the transformation of the service industry driven by the progress of information technology on the division of labor in the global value chain of my country's service industry. The results show that: the traditional service industry has an inhibitory effect on the rise of the global value chain status; the modern service industry and the information technology-based service industry have a promoting effect. The application of information technology has improved the operational efficiency of China's service industry and won a better position for China in the global division of labor.