Abstract:The world has entered a great change not witnessed for a whole century,so has the global value chain.Represented by the Trump Shock of the United States,the wave of anti-globalization poses a severe challenge to the existing international division of labor system,and a tide of global value chain remodeling is coming.Active integration into the global value chain is an important reason for East Asia and China’ economic growth.It has been long that regional integration in East Asia cannot compare with that in North America and the European Union.However,due to their active integration into the global value chain(in particular China’ policy of reform and opening up),East Asian countries have successfully joined the international division of labor system and gradually developed into a global production and processing center.While the global value chain system enables Western multinational companies to continue to make large profits,it also has negative impact on employment,income and government revenue in Europe and the United States.This has actually become one of the important reasons for such anti-globalization tides as Brexit,Europe’ anti-immigration movement and the doctrine of “America First”.As the “double core” of the East Asian production network,China and Japan are closely related to each other,forming a mutually beneficial and win-win economic relationship.Faced with the remodeling of a new global value chain,China and Japan have a large cooperation space and development potential at the policy level.
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