Chen Chen | Research on the Reconstruction and Resilience Improvement Path of the Foreign - trade In
On December 7th,Hosted by the Department of Economics of Lingnan University in Hong Kong and co - organized by the Center for International Finance and Economics Research (CIFER) of PBC School of Finance, Tsinghua University, the “2024 Academic Symposium on International Trade Disputes and the Reconstruction of Globalization” was successfully held at Lingnan University in Hong Kong.
Chen Chen, an associate professor at Fuzhou University of International Studies and Tradeattended Sub - forum 6 “Reconstruction of the Global Value Chain” chaired by Yu Xinding, a professor at the School of International Trade and Economics of the University of International Business and Economics, and shared her article titled “Research on the Reconstruction and Resilience Improvement Path of the Foreign Trade Industry Chain from the Perspective of Product Space —— Taking the Chinese Electronic Information Foreign Trade Industry Chain as an Example”.
Chen Chen is an associate professor at Fuzhou University of International Studies and Trade. She is a research specialist at the “Research Center for Digital Commerce and Industrial Integration Development”, a key social science research base in Fuzhou, Fujian Province, a research specialist at the “Research Center for Digital Commerce and Trade”, a new think - tank at Fuzhou University of International Studies and Trade, and a key teacher in the research direction of “Free Trade Zones/Harbors and Cross - Strait Cooperation in Fujian” at Fuzhou University of International Studies and Trade. She obtained a doctorate in economics from the University of Liverpool in the UK.
During the sharing, Chen Chen pointed out that this article is mainly based on the export data of 52 types of ICT products in China from 1995 to 2021. Using the product space theory, it proposes a method to measure the resilience of the industrial chain from the perspective of the dynamic evolution of the product network. By using external shock variables such as openness, exchange rates, and tariffs, the article analyzes the heterogeneous impacts of different economic and product complexities on economic growth and exports under external shocks. The research shows that, in terms of countries, countries with high economic complexity develop faster when the openness increases; in terms of products, high - complexity products show strong resilience under foreign exchange fluctuations but are more sensitive to tariffs. Finally, she pointed out that the overall resilience of China's ICT foreign trade industry chain is still weak, with 80% of semiconductor products having an RCA of less than 1, and policy support is urgently needed to improve the resilience level.
Yu Xinding, a professor at the School of International Trade and Economics of the University of International Business and Economics, gave comments on the article. She said that this article constructs a measurement method based on the product space theory and comprehensively evaluates the resilience of China's ICT foreign trade industry chain, making clear contributions both theoretically and empirically. Regarding this article, she suggested: (1) Further explore the causal mechanism of the impact of economic complexity (ECI) on resilience in the follow - up; (2) Try to consider more external shock factors. The resilience of the global industrial chain is also affected by multiple factors such as geopolitical events (such as the China - US trade war and the Russia - Ukraine conflict), supply chain disruptions (such as the pandemic), and technical standard barriers. Incorporating these shock variables can improve the comprehensiveness of the measurement of industrial chain resilience to a certain extent; (3) The article can consider the situation after the pandemic, as the current data coverage may not reflect recent changes in the international environment.