China's Leadership in the World ICT Industry: A Successful Story of Its "Attracting-In" and "Walking-Out" Strategy for the Development of High-Tech industries?

Abstract

of the most striking phenomena after China's three decades of is that the country's huge volume of exports is increasingly in the high-tech field, and a number of large domestic enterprises are approaching multinational stages, operating worldwide and acquiring firms in advanced economies. It seems that China is now making a leap from a simple manufacturing centre to an advanced technology superstate.2 How did China achieve this success? Is the growth really as impressive as it appears? Has China become more competitive and taken a lead in some high-tech industries? Previous literature has documented the motivations, regulatory changes and development process of China's opening up in promoting expansion of trade and outward investment.3 What is still little known is how the attracting-in (Yinjinlai) and walking-out (Zouchuqu) strategies have been used to develop China's competitiveness and to catch with leading countries in some high-tech sectors. This paper attempts to analyze how these policies have been applied to one of China's priority development