Carrying out the reform and opening up policy in nearly four decades, China has been from a closed economy to the world's largest exporter. Building on the global value chain, the author attempts to probe this miracle.

By analyzing the manufacturing, processing and export of specific high-tech products, the book reveals the connection between China’s exports and the global value chain and the role that Chinese enterprises play.

The case- and evidence-based research demonstrates that the global competitiveness of products made in China shall be attributed to the in-depth involvement of Chinese enterprise in the global value chain that is led by transnational corporations of advanced countries; and to the chain’s spillover effects.