Analysis on the Trade Comparative Advantage of Manufacturing Industry in Guangzhou to the Belt and Road Area: Based on the RSCA Index

摘要

After the economic development has entered the new normal stage, the manufacturing industry in Guangzhou faces new challenges and opportunities, and it urgently needs to change the way of its economy development. This paper uses the RSCA index to analyze Guangzhou’s problems existing in the manufacturing industry, and to compare the situation to six different areas along the B&R. The results show that, Guangzhou has a long and steady comparative advantage in the garment and textile sector, metal products and leather products sector while it is comparative disadvantage in metal smelting and processing sector, chemical products sector and non-metallic mineral sector. From the perspective of regional comparison, Guangzhou has the strongest competitiveness with ASEAN and South Asia while it is complimentarily with Central Asia and West Asia.