Study on Structure and Industrial Growth Effect of China's Imported Intermediate Goods

With China's deepened participation in globalization, the scale of imported intermediate goods expanded rapidly to become the main part of China's import trade. In this paper, imported intermediate goods are studied by using the world's input-output table from 1995 to 2011 to analyze the goods structure and distribution structure of China' s imported intermediate goods. A model is further set up to test the growth effect of intermediate goods imports on China's manufacturing industry. The empirical results show there is a significant positive effect on the output of the manufacturing industry from imported intermediate goods, and the effect of imported intermediate goods on capital and technologyintensive manufacturing output is greater than that on the labor and resource–intensive manufacturing output.