This book analyzes the industrialization process of Jianshanxia, a mountain village in Zhejiang Province, and its organizational changes since China’s reform and opening-up. As a small mountain village far from the city, Jianshanxia Village used its contingent funds to open up a factory collectively owned by the village. At that time, it was common for city dwellers to run a factory in cities but this was still rare in rural areas. The book analyzes how the village could quickly claim a large market share of the domestic electric mosquito incense market. The successful industrialization of the village increased the income of the villagers, improved its appearance and enhanced its collective economic strength. In retrospect, the transformation of this village was a miracle and a typical example of industrialization of township enterprises in China.