This paper studies the competitiveness of service trade between China and ASEAN from a global value chain perspective. Under the background of the in-depth advancement of the "Belt and Road" Initiative and the implementation of the Regional Comprehensive Economic Partnership (RCEP), China-ASEAN service trade cooperation has shown positive trends of scale expansion, structure optimization, and quality improvement. This study adopts a comparative research approach to systematically analyze the differences in service trade competitiveness between China and the ten ASEAN countries. Based on panel data of China and ten ASEAN countries from 2015 to 2023, this study constructs a fixed effects model to analyze variables including global value chain participation index, forward participation, backward participation, RCEP implementation level, human capital level, infrastructure quality, and digitalization development level.
Comparative analysis reveals significant differences in service trade competitiveness and value chain participation patterns between China and ASEAN countries. Singapore ranks first in the region with a financial services NRCA index of 0.86 and a value chain position index of 0.652; China performs prominently in telecommunications and IT services with an NRCA index of 0.72; Thailand has obvious advantages in tourism services; while Vietnam, Indonesia and other countries mainly participate in value chain division of labor in labor-intensive service segments.
The research shows that: global value chain participation has a significant positive effect on service trade competitiveness, with forward participation having a greater impact than backward participation; regional economic cooperation positively moderates the relationship between value chain participation and competitiveness; the effects of value chain participation vary significantly across different types of service industries, with knowledge-intensive services showing much stronger participation and effects than traditional services.
Comparative research results indicate that countries present a distinct differentiated division of labor pattern in the service value chain: Singapore is positioned upstream in the value chain, focusing on high-end services; China has comparative advantages in digital services; other ASEAN countries have formed distinctive features in traditional service sectors.
Based on the research conclusions, it is recommended to deepen the service trade liberalization process under the RCEP framework and promote the development of knowledge-intensive service industries, while advancing digital transformation of traditional service industries to enhance the overall competitiveness of regional value chains. Comparative research results suggest that countries should formulate differentiated development strategies based on their relative positions in the service value chain: countries positioned upstream in the value chain should focus on enhancing forward participation to consolidate their dominant position in high value-added service segments; countries in the middle stream should leverage existing advantages and move upstream through innovation-driven approaches; countries downstream should improve backward participation quality by introducing high-quality foreign service inputs to achieve value chain upgrading.
The research findings not only expand the theoretical perspective of service trade competitiveness but also provide practical guidance for deepening service trade cooperation between China and ASEAN.
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