The article discusses how Chinese companies have evolved in managing technology since 1949, compared to Western companies. It shows how Chinese firms acquire, learn, and innovate with technology, emphasizing a strategy of blending imported and self-designed technology. The key to success for Chinese firms is to coordinate product and process innovation, corporate and technology strategies, and technology evolution with organizational change. As competition grows, Chinese companies need to focus on developing their own technological capabilities. Establishing a firm's innovation system, supporting entrepreneurship, research, and high-talent personnel, is crucial. Technology strategy and innovation systems are key for managing technology in China now and in the future.