With the deepening of globalization, the value chain exhibited regional division in the global scope. To adapt to the new situation, China took active part in the global production network. However, limited by late development, low technology level, the manufacturing industry is in the Low value-added links in the value chain. In the important moment of economic transition, FDI (Foreign Direct Invesunent) is an important means for China to embed in the value chain upgrade. Therefore, it is necessary to explore the FDI location choice based on the global value chain. As an important part of the foreign investment, TDI (Taiwanese Direct Investment) has the characteristics of foreign investment and its unique characteristics. The research on the location choice of TDI in the global value chain can complement the location research of FDI. As one of the three major industries in the mainland, the value chain of mechanical equipment industry is long, so the study on it has important practical significance.This paper used the spatial auto correlation model to explore the temporal and spatial evolution of TDI in equipment manufacturing industry. Took global value chain as a tool, the paper combined departments of large companies and small, medium-sized enterprises to improve the value chain network. It chosen the machinery TDI hot investment zone (Jiangsu, Fujian, Guangdong area) to compare evolution among the different value chain patterns by the ArcGIS spatial analysis software. The results showed that: ①the TDI in equipment manufacturing industry had stages and characteristics;② TDI in equipment manufacturing industry presented regional differences significantly. As a whole spatial pattern was centered in, decreasing from southeast to northwest of the "T" shape; and the global Moran’s 1 values was the trend of convergence fluctuating around 0.12 level, which mean Taiwanese investment in the mainland of China equipment manufacturing industry pattern has been determined basically;③TDI in machinery and equipment industry experienced two important periods:before 2004, the period of general parts and the whole assembly phase coexist, which formed the labor mode " receiving orders in Taiwan, production of vertical division".2005~2012, the period of key parts and service marketing stage, which formed prototype of level division, and the pluralistic labor mode was established.④In macroscopic spatial scale, TDI in machinery and equipment industry experienced from concentration to dispersion process. By the different effects of regional investment model, in middle scale, different zone investment of value chain patterns were different, and borne the different regional divisions. ⑤Taken "South-east Car" as an example, the paper analyzed the formation and development of industrial chain, which was in order to following the Dongguan, Kunshan mode, and trying to put forward the third model of Taiwanese investment in mainland China.Establishing the driving mechanism, the paper made further efforts to analyze the mechanism of TDI spatial and temporal pattern evolution in equipment manufacturing industry. The results showed that the main factors were labor, industrial agglomeration, openness and economic policy, and in different stages the main factors were different. At the same time, there was an in-depth analysis of the evolution mechanism by different value chain links in hot investment zone (Jiangsu, Fujian, Guangdong area). Overall, transportation, production efficiency, pre funded accumulation had important effects on value chain links. Different areas and different value chain links were affected by their own conditions. so the upgrading of value chain could be carried out in different angles.Finally, in view of the present situation of the decreasing of TDI in the manufacturing industry, this paper put forward some recommendations. Firstly, the government needs to grasp the rule of Taiwanese investment and the impact mechanism, and makes reasonable adjustments of financing mode. Secondly, country can build a national value chain (Value Chains National) between Taiwan with Mainland China, to enhance the value of NVC, and then transform from NGV to GVC. Thirdly, "Southeast model" can be used for reference in financing, the whole industry chain of the introduction, localization, "dual brand strategy", and so on. |