China from Deng (82) on, had two main plays.
The first play was a standard mercantalist export driven developing state. Low costs were used to create low cost goods primarily for overseas consumption. Foreign currency was plowed back into capital machinery acquisition. Foreign partners were given good deals and the decision makers become rich, but to play one had to give up intellectual property.
This is the standard industrialization sequences, followed by almost everyone, including Britain, Germany, the United States, Japan and South Korea.