Meanwhile, although China has also been achieving substantial market shares in sophisticated products with high technology requirements, it is widely accepted that China is mainly specializing in those labour intensive sub-stage processes within the production of medium or high technology manufactures. The domestic contents of China’s exports of technology intensive products are quite limited compared to the four newly industrialized economies (Kierzkowski &Chen, 2009). The majority of China’s exports are processed exports, and the total imported content of China’s export products account for over 50% of the final value (Kwan, 2002). The share of“foreign value added” is even higher in high-tech products than in low-tech products. Generally speaking, the BRIC economies are still to be situated at the low value-added stages of production. Their general technological capacity is quite limited compared to the developed countries in the West.