International Competitiveness of Chinese and European Industries: An Empirical Analysis of 28 Manufacturing Sectors[1]
CHEN Xin
Senior Research Fellow at the Institute of European Studies, CASS
YANG Chengyu
Assistant Research Fellow at the Institute of European Studies, CASS
Abstract
While the trade friction between China and the US is a long-term and repetitive issue, deepening China-European industrial cooperation will fairly alleviate China’s economic and trade pressure. On a basis of the UN Comtrade Database data, this article develops an empirical analysis of the status and trends of international competitiveness of 28 manufacturing sectors in China and European countries through analysing comparative advantages, complementarity and competitiveness. The authors draw a conclusion that Chinese and European industries have their own characteristics, but the industries of the two sides are more complimentary than competitive. Meanwhile, Chinese and European industries are presenting some new trends and features in the dynamic changes of the international competitiveness pattern. As the demand for cooperation on production capacity between China and Europe is rising, it is recommended to adjust policies to national conditions while promoting industrial cooperation between China and Europe, to highlight complementarity and avoid competitive measures, to keep an eye on development trend of industrial competitiveness and to initiate cooperation.
Keywords: European industry; International Industrial Competitiveness; Comparative Advantage; Cooperation on Production Capacity
[1] This research is sponsored by National Social Science Foundation Youth Project “Sino-European Cooperation on Production Capacity under the Framework of the Belt and Road Initiative” (Project No. 17CGJ008). This article was originally published by Russian Central Asian & East European Market, issue 4, 2020. The China-CEE Institute is authorized to publish the English version.