China closing the tech gap?

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righ right ...

``Former U.S. Secretary of Defense William Perry expressed
doubts that China's rise as a tech powerhouse will carry over to
it making its own breakthroughs. Perry, now a senior fellow at
the Hoover Institution, told members of the commission that it
appears China is not engaging in fundamental research and
lacks a culture that encourages innovation.''

Mostly because most of the Chinese who do basic research carry
it out in USA and Europe. However in the last 5 years the tight
has turned. I now see many Chinese going back to China. This
year China received twice as much foreign investment as the USA
but last year it was the opposite.

Let's keep sleeping the sweet sleep of complacency...

-m

Posted by: michael-t   Posted on: 04/22/05 You are currently: a Guest | Members login | Terms of Use

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