Decoding China's Export Miracle: A Global Value Chain Analysis : World Scientific Publishing : 9789811229626 : 9811229627 : 29 Mar 2021 : In less than three decades, China has emerged as the world's largest exporting nation with more than $2 trillion exports annually. China's quick rise as a leading exporter in the world is an unprecedented miracle. There are many theories explaining miracle. This book adopts the global value chain (GVC) approach to analyze the Chinese export miracle over the last four decades. It focuses on the tasks rather than the gross export value and emphasizes the organizations of modern trade rather than the national comparative advantage. The GVC approach systematically explains how, in less than four decades China has evolved from a closed economy to the world's No. 1 exporting nation; why China is a developing country and exported more high-technology products than labor-intensive products to the US; and why almost half of the US trade deficit has originated