Based on the Asian Development Bank's multi-regional input-output table (ADB-MRIO), this paper uses decomposition framework of export trade value added, calculate the embedded position of global value chains(GVC) and international industry transfer of Chinese manufacturing segment between 2000 and 2017. This paper analyzes the impact of the embedded position of GVC on international industrial transfer based on the dynamic panel model empirically. It's found that: first, the promotion of the GVC's position promotes the outward transfer of industries, the increased of labor productivity, vertical specialization, and R&D investment is beneficial to outward transfer of industries, while excessive investment and industry monopolies lead to the inward transfer of industries. Second, the test results by industry type shows that the industrial transfer of low and medium-tech industries is more sensitive to the response of the value chain embedded position. Third, the examination of the impact mechanism shows that FDI and intermediate trade are the main channels for GVC's position enhancement to industrial transfer.