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Over the past decades, a number of studies have examined China's economic development by focusing on institutional changes and government interventions at the national or industry levels. But at the firm level, how do the local firms catch up? What's the technology strategies adopted by them in order to compete against the foreign firms in technology-based industry? Does the existing literature about the catch up process of latecomers are applicable to these new latecomers from China? This research tries to contribute to the emerging research stream on technology creation in one of emerging...