Knowledge-based theory of firm regards a firm as an aggregate of knowledge, and believes that distinctive knowledge is the key factor for corporations to gain competitive advantage. The new knowledge of an organization either comes from its internal creation, or comes from its external acquisition. This article points out that MNC is an important external resource of managerial knowledge for local corporations, and the long-term and stable networks relationship formed with MNC in China becomes a substantial way for local corporations to obtain such external knowledge. Based on clarifying relevant themes, this article provides a research modal of local corporations learning managerial knowledge from their foreign partner of MNC's network in China, and gives some recommendations for further research as well.