Abstract:Global Value Chain(GVC)theory,which can be well used to study global industry structure and its dynamic character,is capable of effective explaining and guiding the operation of enterprises.This paper firstly reviews origination and evolvement of GVC theory,and then,summarizes the current contents contained in GVC theory.Thirdly,this paper analyses the study situation of domestic and overseas` literature.Finally,the study forefront and development dynamic are offered in this paper.