The book summarizes the positive effect of the export-oriented strategy on China’s economic growth in the first wave of globalization, and advises that China focus on moving from the global value chain to the domestic value chain, and then to the global innovation value chain in the second wave of globalization. The critical aspect is to make total use of the domestic demand market and exert the home market effect to fulfill export upgrading. At the same time, we should give full play to the siphoning effect to collect global innovation factors.
