40 years have passed since the beginning of China’s reform and opening-up. In that time, Chinese entrepreneurs have built a plethora of world-renowned companies, creating a Chinese miracle in the history of global business. With the wave of globalisation sweeping across the world over the past decade, technological progress and industrial upgrading have gathered momentum. In response to the Belt and Road Initiative, Chinese companies have made a strong showing in the global competitive arena. Meanwhile, as China’s economy slows down, those companies are being forced to transform, upgrade, and improve their global competitiveness in an overwhelming and dynamic environment.