The current highly specialized and interconnected global industrial chains are highly vulnerable to global risks such as the intensifying trade protectionism and the covid-19 pandemic. This has induced policymakers in many countries in the world to explore the possibilities to restructure their countries’ industrial chains, emphasizing the need for more local and regional inputs to better ensure national economic self-sufficiency. China as the world export champion was responsible for almost 15% of global exports of goods in 2020, almost the same as the corresponding shares of the USA (8.1%) and Germany (7.8%) combined. Meanwhile, China’s position in the global value chain is facing many challenges and uncertainties. What options does China have to restructure and strengthen its industrial chains? How may China’s decisions affect the future development of the global industrial chains? How can other global players such as the European Union deal with the challenges caused and grasp the opportunities that have arisen in the evolving global industrial chains?
The event consists of different impulse lectures followed by a discussion.
The Global China Conversation #5 will be held in English.
Summary GCC 5
The impulse lectures refer to the following publications:
- CASS-IWEP & CF40 Forum Report (2021), Reshaping Global Industrial Chinas: Options for China: Executive Summary (in Chinese)
- Seric, A., Görg, H., Liu, W.-H., and Windisch, M. (2021), Risk, Resilience, and Recalibration in Global Value Chains, VOXEU
- Felbermayr, G., Gans, S., Mahlkow, H., and Sandkamp, A. (2021), Decoupling Europe, Kiel Policy Brief No. 153
- Görg, H., Lay, J., Pahl, S., Seric, A., Steglich, F., and Yaroshenko, L. (2021) Multilateral Coordination and Exchange for Sustainable Global Value Chains, T20 Policy Brief
- Langhammer, R.J. (2021), Keine Chance dem Nationalismus!, WirtschaftsWoche, Weltwirtschaft, Gastkommentar am 30.03.2021.
Dr Qiyuan Xu
Dr Qiyuan Xu is Deputy Director at the Institute of World Economics and Politics (IWEP) at the Chinese Academy of Social Sciences (CASS). He is also General Secretary at the Research Center for International Finance at CASS. In the past, he also took up the role of advisor to the international collaboration department in China’s Ministry of Finance. Xu also sits in the work team of Global Macroeconomy in IWEP. This work team issues a quarterly report on the world economy, and he has been responsible for the research on China’s economy and macro policies since 2012. Since 2019, he has headed the research group of China Finance 40 Forum that is China’s currently most influential think tank platform in finance. Xu has published 60 academic papers, hundreds of columns mostly published in leading media in Chinese but also in Financial Times, Financial World in English.
Prof. Dr. Rolf J. Langhammer, Former Vice-President, Kiel Institute for the World Economy
Prof. Dr. Rolf J. Langhammer was Vice-President of the Kiel Institute for the World Economy from October 1997 until August 2012 and Professor at the Kiel Institute. He retired from the Vice-Presidency on August 31, 2012 but continues to work at the Institute. From April 2003 to September 2004, he served as Acting President. From July 1995 to November 2005, he headed the Research Department "Development Economics and Global Integration" at the Kiel Institute for the World Economy. Prof. Langhammer has served as consultant to a number of international institutions (EU, World Bank, OECD, UNIDO, ADB), as well as to the German ministries of economic affairs and economic co-operation.
Dr Wan-Hsin Liu
Dr Wan-Hsin Liu is a Senior Researcher in the Research Centers "International Trade and Investment" and "Innovation and International Competition" at the Kiel Institute for the World Economy. Since 2016, she has also been a Coordinator at the Kiel Centre for Globalization. She is a member of the Kiel Globalization and Transformation Science, an interdisciplinary research cluster at the Kiel University. Her research focuses on the development and consequences of direct investment and global supply chains, as well as the determinants of innovation activities with a focus on China.