The authors investigate the current state of the S&T in China in the context of its historical development and national policy in the sphere. The evaluation of the Chinese scientific and technological potential is based on some indicators of foreign trade as well as patent activity - in international comparisons. The trends in Chinese S&T sector and its role in the international technology transfers are viewed in the context of internationalization of the global economy. Today’s globally recognized achievements of China in trade in technology-intensive goods and services are based on a long history of rational state policy in acquisition and diffusion of foreign technology and expertise. This policy have resulted in the build-up of S&T system - which is already remarkably productive and keeps growing. One important and specific feature of China’s role in international exchange of high-tech goods and knowledge-intensive services is a growing self-capacity, and a lowering dependence on foreign sources (in relative terms).

GVC, China, S&T, state policy, knowledge and technology transfer, foreign trade, Global Value Chains (GVC), trade in high-tech goods and services