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Factor Substitution, Technological Progress, and the Dynamic Evolution of Chinese Manufacturing’s Comparative Advantages

In: China's Qualitative Economic Transformation

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  • Meng Zheng

    (Yunnan University)

Abstract

In the context of globalization, China is accelerating its integration into the global economic system by making full use of its comparative advantages and the development opportunity brought about by international industrial transfer. In this process, Chinese manufacturing is the most striking industry and has benefited most from economic globalization. In the development of Chinese manufacturing, however, there is still the problem of dynamic transformation of comparative advantages. In this chapter, we will make an in-depth study on this issue using the statistics of the 29 sectors of Chinese manufacturing.

Suggested Citation

  • Meng Zheng, 2023. "Factor Substitution, Technological Progress, and the Dynamic Evolution of Chinese Manufacturing’s Comparative Advantages," Springer Books, in: Xianming Yang (ed.), China's Qualitative Economic Transformation, chapter 0, pages 61-86, Springer.
    • Handle: RePEc:spr:sprchp:978-981-19-4437-6_3
    DOI: 10.1007/978-981-19-4437-6_3
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