The internationalization of Chinese companies meets the era of industrial globalization. Guided by a series of strategies – the “Going Out” policy, the “International Capacity Cooperation” model, the “Belt and Road” initiative, and so forth – the global supply chain extends from the Pearl River Delta that used to be “the world factory” to other parts of the world where “Chinese investment” and “made in China” take root. This sees the rise of China's overseas industrial parks.

The increase of Chinese overseas industrial parks reflects a change in the global production pattern, as well as a demand for structural transformation among newly industrializing countries, and China's industrial upgrading. China's investment in overseas industrial parks has driven Chinese industrial clusters to "go global" and thus played a significant role in the global resource allocation. In retrospect of its unique process in the global context and rich experience gained, the issue explores the relationship between industrial parks and the global industrial chain, reflects on China's experience, and discusses its impact on local development.