Recently, the collaborative paper U.S. "Friendshoring": Measurement, Causes and Countermeasures by Professor Yu Miaojie, President of Liaoning University, and doctoral candidates Sheng Zewen and Zhong Xue from the School of International Economics and Politics, Liaoning University, has been officially accepted by Journal of Chang'an University (Social Science Edition).
Abstract
To explore the far-reaching impacts of U.S. "friendshoring" on China, this paper elaborates on the specific connotation of U.S. "friendshoring" and describes its stylized facts from three aspects: bilateral trade, intermediate goods trade, and the friendshoring of outsourcing scale. It constructs offshore outsourcing and "friendshoring" indicators based on the FH index, and measures the degree of friendshoring through deviation, so as to conduct an in-depth analysis of the trend characteristics and formation causes of U.S. "friendshoring". The research finds that the "friendshoring" trend initially emerged after 2013 and accelerated after 2018; the degree of friendshoring is relatively high and gradually rising in technology-intensive industries, while it is low and showing a downward trend in non-technology-intensive industries; the friendshoring level of service outsourcing is higher than that of manufacturing outsourcing, and the difference in friendshoring among technology-intensive industries is significantly greater than that among non-technology-intensive industries. The research indicates that China needs to strengthen original and disruptive technological innovation to achieve self-reliance and self-improvement in science and technology; accelerate the construction of a unified national market to tap the potential of domestic demand; and unswervingly promote high-level opening-up to build a new pattern of all-round opening-up with larger scale, wider fields and deeper levels.
Journal Introduction
Journal of Chang'an University (Philosophy and Social Science Edition) is an academic journal publicly distributed at home and abroad. It is supervised by the Ministry of Education of the People's Republic of China and sponsored by Chang'an University — a key university under the national "Project 211", a university with the national "985 Project Advantageous Discipline Innovation Platform", and a university with national first-class discipline construction, co-constructed by the Ministry of Education, the Ministry of Transport, the Ministry of Natural Resources, the Ministry of Housing and Urban-Rural Development, and the People's Government of Shaanxi Province. As a comprehensive social science journal, it sets up columns including Marxist Theory Research, International Economy and Trade, Economics, Management, Transportation, Editing and Publishing, Journalism and Communication, Law, and Sociology.
Author Profile
Yu Miaojie serves as Deputy Secretary of the Party Committee and President of Liaoning University. He is a Fellow of the International Economic Association (IEA), Distinguished Professor of the Changjiang Scholars Program, recipient of the National Outstanding Young Scientist Fund, Outstanding Young Scientist of Beijing, Distinguished Boya Professor of Peking University, current Member of the 14th National People's Congress, Special Supervisor of the National Supervisory Commission, and Associate Editor of Economic Journal — a top international academic journal in economics. He enjoys the Special Government Allowance granted by the State Council. He is a top 1% highly cited economist in the global economics and management field, and also the only Chinese scholar who has ever won the "Royal Economic Society Prize".
XiaoZewen is a doctoral student at the School of International Economics and Politics, Liaoning University, with research interests in China-U.S. economic and trade relations and enterprise innovation.
Zhong Xue is a doctoral student at the School of International Economics and Politics, Liaoning University, with research interests in China-U.S. economic and trade relations and enterprise innovation.
