The past three decades have witnessed rapid economic growth and a fascinating transformation of China's economy and industry, from an economy dominated by agriculture to one that is referred to as a 'world manufacturing plant', from a small exporter of resource- and unskilled labour-intensive...

China has now moved considerably away from being an imitative latecomer to technology toward to being an innovation-driven economy. The key lessons from China's experience are that (1) there is synergy between External Knowledge and Indigenous Innovation because the process of learning the tacit...