Abstract
This paper reviews China’s technological development. It shows that the success of China’s technological policy came from both international cooperation at national and firm levels and state support measures. The country’s innovation development model is based on the central role of the government. Using foreign technologies, investments, and expertise, China created its own technology companies, which transformed into global corporations. Through investments in research and development and talent cultivation, China narrowed the technology gap with many developed countries, including the United States. Despite existing tensions, in particular, in the technology sector, United States corporations are interested in strengthening cooperation with China due to its growing market. This type of cooperation will further improve China’s competitiveness and accelerate its technological development.