Chinese Automobile Industry’s Position in the Global Value Chain and Its Development Paths Under New Circumstances

Abstract

While analyzing how the global automobile landscape has shifted and what role the Chinese automobile industry is playing in the global value chain, this paper points out that traditional automobile superpowers are being overtaken by emerging markets and countries; though China’s position in the global automobile industry keeps rising, it is yet to be intimately involved and incorporated into each link of the global value chain. China is now somehow stuck in the middle reaches of the global value chain and is susceptible to being replaced by other countries and regions in the global automobile trade. Under new circumstances, the Chinese automobile industry must step up its transformation from depending on scale and speed to seeking quality and profitability. Not only must China consistently and steadily promote openness within its automobile industry and steadfastly hold on to trade liberalization and economic globalization, but also must deepen its reform to improve the internal institutional environment for the development of its automobile industry

Keywords

• automobile industry
• landscape shifts
• global value chain