The B&R Regional Value Chain And Industrial Structure Upgrading Of Shandong Province

The Belt and Road(B&R)is a new economic and diplomatic initiative put forward by China based on the current complicated situation of regional economic cooperation.It has received responses from many countries since its proposing.In recent years,the total trade volume between China and the countries along the Belt and Road has continued to rise,and trade relations have continued to increase.China will rely on the implementation of the B&R to enhance the position in global value chain comprehensively.As a major trade province of China,Shandong Province has a huge amount of trade with countries along the Belt and Road.Shandong Province will have new opportunities for upgrading the industrial structure during the critical period of implementation of the conversion of old and new energy.This thesis studies the industrial structure of Shandong Province and combines the analysis of the complementarity of B&R regional value chain and the industrial structure characteristics of Shandong Province to explore the mechanism and path of how the B&R promote the industrial structure upgrading.It provides recommendations for Shandong Province to enhance the status of the value chain and promote the upgrading of industrial structure.It includes feasibility research of the B&R to promote the industrial structure upgrading,status research of the B&R regional value chain,trade and industrial structure,theoretical and empirical research of the B&R to promote the industrial structure upgrading in Shandong Province.In terms of research methods,we measure the embedded degree of Shandong Province in the global value chain and the national value chain,and established an empirical model to find the factors which promote the industrial structure upgrading of Shandong Province.The result shows that China has strong industrial complementarity with countries along the B&R and there is no overlap between advantageous industries.China could occupy a dominant position in the B&R regional value chain.The regional value chain can act on the national value chain to promote industrial upgrading.Shandong Province could leverage the dual advantages of regional value chain and national value chain to realize the extension of regional value chain in China and accelerate the pace of industrial upgrading.The increase in proportion of state-owned economy and industrial added value have positive effect on industrial upgrading while the increase in the profit tax rate and fixed assets investment have negative effect on the upgrading of the secondary industry,but the fixed assets investment plays a positive role in the upgrading of first and the third industry.Based on the results,Shandong Province should participate in the B&R regional value chain actively to connect the regional value chain and the national value chain.It should also take advantage of the state-owned enterprises,change production methods,reduce the degree of local protectionism and increase fixed assets investments of the primary and tertiary industries to improve the position in the value chain and realize the upgrading of industrial structure and the coordinated development of surrounding industries.