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About

    Global value chain and international segmented production has become one of the main characteristics of the world economy since the global financial crisis broke out in 2008. The World Trade Organization (WTO) launched the “Made in the World” initiative after the financial crisis with a view to advocating reforms in the way of international trade statistics. For example, as there is a value-added approach to the computation of gross domestic product, international trade can also be calculated on a value-added basis, so as to reflect its true scene. The new approach tracks the value added of the product in the process of its production in different countries, and calculates mainly the domestic value added part of the exported goods and services of the trade partner so as to avoid double computation. In calculating the import and export of the value added, one can re-evaluate the trade imbalance between trading partners, the employment direction, international competitiveness and the carbon emission and transfer relating to trade, promote trade liberalization and investment facilitation as well as domestic economic structure adjustment and upgrading, thus making scientific and reasonable suggestions to improve the construction of multilateral trade system and formulation of bilateral trade policies.

    In accordance with the instructions made by the State Council, and under the direct concern of the Ministry of Commerce, the General Administration of Customs, the National Bureau of Statistics and the State Administration of Foreign Exchange, the Policy Research Department of the Ministry of Commerce, together with the Department of Statistics of the General Administration of Customs, Department of National Accounts of the National Bureau of Statistics and the Balance of Payments Department of the State Administration of Foreign Exchange, carried out the subject study on “Global Value Chain and International Trade Interests”. We invited well-known experts at home and abroad to serve as the academic advisers, entrusted the Academy of Mathematics and Systems Science of Chinese Academy of Sciences to carry out in-depth and concrete studies and have made preliminary achievements and won wide recognition and high opinion of the OECD and WTO.

    As an important component of the subject study, approved by the relevant leader, the Policy Research Department of the Ministry of Commerce, together with the Department of Statistics of the General Administration of Customs, Department of National Accounts of the National Bureau of Statistics and the Balance of Payments Department of the State Administration of Foreign Exchange, developed the “Global Value Chain and China Trade in Value Added Database” and authorized China International Electronic Commerce Center (CIECC) to organize the researches.

    Our main goal is to complete the establishment of Integrated Data Processing and Display Platform through analyzing and comparing the data with the databases of relevant international organizations and academic institutions so as to make the global value chain and trade in value added researches more efficient and visual and further spread the new result and its practical use to the educational and academic circles.

    At the initial stage, the research results will be shared among the Policy Research Department of the Ministry of Commerce, Department of Statistics of the General Administration of Customs, Department of National Accounts of the National Bureau of Statistics, and the Balance of Payments Department of the State Administration of Foreign Exchange. Once the system reaches its maturity, the research results will be made available to universities, research institutions and the general public, and may be synchronized to the TiVA--Global Value Chain and Trade in Value Added Database by the OECD/WTO as appropriate.

    Your suggestions and recommendations on further enrichment and improvement of the “Global Value Chain and China Trade in Value Added Database” are warmly welcome.