Study On The Impact Of FDI Inflow Into Productive Services On China’s Manufacturing Export Competitiveness

The report of the 19 th National Congress pointed out that the focus of economic development must be on the real economy.As the main body of the real economy,the development of the manufacturing industry affects the overall situation of China’s economic development.China’s manufacturing industry has achieved sustainable development with advantages such as resource endowment and abundant labor force,but there is a problem of "large but not strong" in the development process of the manufacturing industry.As the industry with the closest connection to the manufacturing industry,the productive service industry promotes its development by providing technical support and quality assurance for all aspects of the manufacturing industry.With the deepening of the process of opening up to the outside world,the scope of FDI inflows into productive services has been expanded,which will greatly stimulate the export potential of the manufacturing industry.Based on this,this article attempts to explore the specific impact mechanism of FDI inflows into producer services on the export competitiveness of the manufacturing industry,which is of great significance for the high-quality development of the manufacturing industry.Based on the relevant literature that has been sorted out,this paper first analyzes the development status of FDI inflows into China’s producer services industry from the perspective of overall scale,industry development,and regional distribution.At the same time,using the accounting method of trade value added,the export competitiveness of the overall and segmented manufacturing industries is calculated,and the provincial export competitiveness of the manufacturing industry is obtained by weighting the proportion of industrial output in the segmented manufacturing industries.Secondly,this paper analyzes the impact mechanism of FDI inflows into producer services on China’s manufacturing export competitiveness from three aspects: manufacturing production costs,manufacturing technological innovation,and the development of local producer services.Thirdly,by constructing a panel data model to study the specific impact of FDI inflows into productive services on the export competitiveness of China’s manufacturing industry,the results show a positive promotion.This paper also conducts a heterogeneity analysis by industry and region,and finds that the promotion effect of FDI inflows in productive services in the eastern region is greater than that in the central and western regions.And the promotion effect of FDI inflows in technology intensive producer services is smaller than that in labor intensive producer services.In addition,this paper conducts robustness testing and endogenous processing on the benchmark regression results,and the results show that the basic conclusions have a certain degree of stability.Regarding the impact mechanism,this paper conducts a mediating effect test,and the results show that the mediating effect of FDI inflows into producer services is more significant by promoting technological innovation in the manufacturing industry and forcing the development of local producer services to enhance the export competitiveness of the manufacturing industry.Finally,based on the current situation and the conclusions of empirical analysis,this paper proposes to improve the technological innovation ability of manufacturing enterprises.Promote the development of local productive services actively.Promote the integration and development of productive services and manufacturing industries.Expand the opening up of high-end producer services gradually.Optimize the investment environment for attracting foreign investment in productive services.