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Substitution effect of Asian economies on China's industrial and supply chains: from the perspective of global production network

Economics

Substitution effect of Asian economies on China's industrial and supply chains: from the perspective of global production network

L. Xing, S. Jiang, et al.

This research conducted by Lizhi Xing, Shuo Jiang, Simeng Yin, and Fangke Liu delves into how the Altasia region could disrupt China's industrial dominance. By employing a multi-regional input-output model, the findings reveal that enhanced trade within Altasia may accelerate the relocation of China's supply chains, especially in sectors reliant on resources and labor, while highlighting China's ongoing strengths in capital-intensive industries.

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