Book excerpt: In the 1980s, China faced the monumental task of creating, from scratch, internationally competitive companies. This challenge was especially daunting in the information and communications technology (ICT) sector. The Inside Story of China's High-Tech Industry describes the emergence and growth of this industry in China through a historically situated analysis of China's leading science park, Beijing's Zhongguancun, also known as China's Silicon Valley. Zhou challenges the prevailing view that foreign multinational corporations and exports are the driving forces for technological progress in less developed countries by arguing that, in the case of China, it is the conjunction of domestic and export markets that has provided the main impetus to technological learning and the development of industry competitiveness. This is the best treatment to date of China's most important innovation region. It will be useful for scholars and students in the fields of economics, regional sciences, geography, planning, sociology, information technology, and business management, as well as for anyone interested in the rise of China and global technological development.