Decoding the Rise of Made-in-China : Zhejiang University Press : 9789811265211 : 9811265216 : 06 Apr 2023 : This book provides a novel theoretical framework to explain the real source of competitive advantage of Chinese manufacturing. More importantly, such a framework can be generalized to analyze the potential of catch-up for large emerging economies in the globalization era. The book also provides insights for policy makers to rethink their design of policies.The rise of Made-in-China products has been widely attributed to low labour cost advantage and imitation advantage. However, as these two advantages are nearly innate to all late-developing countries, they cannot be regarded as the key factors that drive the rapid growth of China's manufacturing industry, or China's economy, over the past few decades. In this book, the author proposed a theory - 'the catch-up ladders theory', to explain the rise of China's manufacturing industry. The manufacturing advancement of any country is