By constructing a theoretical framework in which the opening of the services affects the domestic value added of enterprises’exports, this paper explains why China realizes the“China Miracle”through import substitution in the global value chain. According to the theoretical model, we find that the direct effect of services opening on enterprises’DVAR is negative, but enterprises can dynamically adjust DVAR through the improvement of innovation. On the basis of the theoretical model, the paper conducts detailed empirical tests of the above