Chinese manufacturing industry is blocked from integrating into the global value chain by two ends. “The Belt and Road” initiative provides a historical opportunity to upgrade Chinese manufacturing industry, also presents a challenge in search and design, management and brand marketing. This paper, based on DEA and VAR models to empirically study the factors and theory of rising value chain in manufacturing industry with results indicating that foreign direct investment, technical innovation and industrial servicing play the key roles, of which foreign direct investment plays the key role, followed by technical innovation and then industrial servicing. This paper presents suggestions on intensifying nation's cooperation, constructing double value chains, boosting technical innovation, exerting anti-graded transfer, transforming to manufacturing service, and supporting manufacturing servicing, which can upgrade manufacturing industry and promote China's position on manufacturing in global value chain.