China's changing exports : causes and consequences; final technical report
Date
2016-06
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Publisher
University of Northern British Columbia
Abstract
The impacts of renminbi (Chinese currency) appreciation were found to vary depending on whether firms were tightly integrated into global value chains (GVCs) where lead firms are
instrumental in determining the distribution of currency appreciation’s costs and benefits and whether, in the case of foreign-owned and joint venture lead firms, the chain was internally centralized or governed as independent profit centres. Findings showed strong evidence of firms engaging in industrial upgrading in response to currency appreciation and other pressures, as well as evidence of multilevel state policy designed to spatially reconfigure the “strategic coupling” of local assets to facilitate industrial upgrading.
Description
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Final Technical Report
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