Part 1: Export Competitiveness 1. China's Foreign Trade and Export Boom: 1978-2004 2. The Pearl Rive Delta - A World Workshop 3. Developing Global Competitiveness: The Case of Haier Group 4. Cheap Labor and China's Export Capacity Part 2: FDI, Trade, and Industrial Development 5. Made by Taiwan but Made in Mainland China: The Case of IT Industry 6. Japanese FDI in China: Trend, Structure, and Exchange Rates 7. Foreign Competition and Productivity of Chinese Firms 8. The Role of FDI in China's Export Performance Part 3: WTO, Exchange Rates, and Labor Markets 9. China's Increasing Openness: Threat or Opportunity?10 .China's Position and Role in WTO 11. Policy Traps and the Linkage between China's Financial and Foreign Exchange Systems 12. FDI and Labor Reforms in Guangdong Province Part 4: Concluding Remarks 13. Is China the World Factory?