This book describes and discusses the various aspects of the changing "landscape" of China's industrial development within the general context of globalisation. In the past four decades, the spectacular economic growth and development of China has surprised the world. China has leapt from one of the poorest countries to the second-largest economy in the world. The development path of China's economy is different from that of any other country, thanks to its unique national system. As a country that adopted the centrally planned economy in the past, the government played a very important role...

Market-oriented reforms initiated four decades ago have constantly fueled a high speed of development in China. The country's industrial structure has experienced rapid evolution. In the meantime, especially in the general context of globalization, China has also opened to foreign trade and foreign direct investment, transforming itself from a virtually completely closed economy into a major trading nation and the largest developing-country destination for foreign direct investment in the world. Human capital is thought to be one of the key factors that shape the transformation of the Chinese...