To compete in business anywhere today, leaders at all levels need to learn about the culture and mindset that sets Chinese businesses apart. Stanford research fellow Dan Wang argues that they’ve built an edge that goes well beyond lower labor costs or government subsidies. He explains how dense manufacturing ecosystems, relentless internal competition, deep process knowledge, and an engineering-first mindset have helped these companies become global leaders; what those in the United States and Europe can learn from them; and where they still fall behind. Wang is author of the book Breakneck: China’s Quest to Engineer the Future.