The COVID-19 Shock on Global Production Chains and Risk of Accelerated China's Industrial Chains Outflow

Authors

ZHU Kunfu, Research Institute for Global Value Chains, University of International Business and Economics, Beijing 100029, China; Center for Forecasting Science, Chinese Academy of Sciences, Beijing 100190, China
GAO Xiang, Center for Forecasting Science, Chinese Academy of Sciences, Beijing 100190, China; Academy of Mathematics and Systems Science, Chinese Academy of Sciences, Beijing 100190, China; School of Economics and Management, University of Chinese Academy of Sciences, Beijing 100049, China
YANG Cuihong, Center for Forecasting Science, Chinese Academy of Sciences, Beijing 100190, China; Academy of Mathematics and Systems Science, Chinese Academy of Sciences, Beijing 100190, China; School of Economics and Management, University of Chinese Academy of Sciences, Beijing 100049, China
WANG Shouyang, Center for Forecasting Science, Chinese Academy of Sciences, Beijing 100190, China; Academy of Mathematics and Systems Science, Chinese Academy of Sciences, Beijing 100190, China; School of Economics and Management, University of Chinese Academy of Sciences, Beijing 100049, China

Keywords

COVID-19; production gaps; global production network; industrial chains outflow

Document Type

Article

Abstract

The outbreak of coronavirus disease (COVID-19) has severely impacted China's production and supply in the short term, and increased the risk of accelerated outward relocation of domestic industry chain. Based on the measuring of China's production and export supply gaps caused by COVID-19, and key position of China in global production network and the Asian production chain, this article analyzed the COVID-19 shock on the global production chains and the risk of accelerated China's industrial outflow. The results show that the output gaps caused by the COVID-19 will have a deep impact on the global production system, and multinational enterprises will speed up the relocation of production chains. Therefore, the increasing risk of industrial outflow should be concerned. Finally, suggestions are put forward to efforts in the COVID-19 control, coordination on economics, and the relocation of production chains.

First page

283

Last Page

288

Language

Chinese

Publisher

Bulletin of Chinese Academy of Sciences

References

李凤祥.我省规上工业企业复工率超50%.南方日报, 2020-02-19(03).

Antràs Pol, Davin Chor. On the Measurement of Upstreamness and Downstreamness in Global Value Chains. Cambridge:National Bureau of Economic Research, 2018:126-194.

Asian Development Bank. Multi-regional input-output tables (ADB-MRIO).[2020-02-27]. http://www.wiod.org/otherdb#ADB.

Koopman R, Wang Z, Wei S J. Tracing value-added and double counting in gross exports. The American Economic Review, 2014, 104(2):459-494.

习近平.在统筹推进新冠肺炎疫情防控和经济社会发展工作部署会议上的讲话.人民日报, 2020-02-24(02).

Recommended Citation

Kunfu, ZHU; Xiang, GAO; Cuihong, YANG; and Shouyang, WANG (2020) "The COVID-19 Shock on Global Production Chains and Risk of Accelerated China's Industrial Chains Outflow," Bulletin of Chinese Academy of Sciences (Chinese Version): Vol. 35 : Iss. 3 , Article 7.
DOI: https://doi.org/10.16418/j.issn.1000-3045.20200227001
Available at: https://bulletinofcas.researchcommons.org/journal/vol35/iss3/7