Americans see China as a leading innovator
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One in four Americans think China will beat the United States in the next decade as the world leader in innovation, according to a survey released on Sunday by Zogby International.
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Nearly 60 percent of Europeans and Americans see China's growing economic power as a threat although they are becoming more positive about globalization in general, an opinion poll showed on Monday.
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Urged on by China's government and armed with credit from state-owned banks and stock market listings, many Chinese manufacturers are going global.
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The United States has nothing to fear from rapidly growing technology markets in China and India, Bill Gates, chairman and chief software architect of Microsoft Corp.
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Chinaâs landmark trade agreement with Southeast Asian leaders is the latest example of how the communist giant is claiming a growing role in a region long dominated by the United States.
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BRUSSELS : Europeans accustomed to sneering at China as a producer of cheap shoddy goods must realise the world&#39;s most populous country is taking a great leap forward in the technology stakes, according to a new report that urges the EU to innovate or
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Investor's Business Daily - China is on pace to pass the U.S. to become the largest broadband market later this year as video, e-commerce and online gaming fuel demand. And the country has just scratched the surface.
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Beijing is pushing Chinese firms to establish a global presenceÂdespite the may risks that involves
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Trade between China and the United States maintained a strong momentum of development in 2004. The later maintained one of China&#39;s top three trade partners with both cooperation as well as disputes.
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If you added all the biotech activity that industry executives and local officials across the country have forecast for the next decade, my guess is the industry would be roughly the size of the Chinese economy.
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China's unprecedented rise, fueled by foreign investment and technology, has put the Asian giant on a path to surpass the United States economically by 2025, the author of a new book on China said on Tuesday.
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SHENZHEN, China -- From a fortress-like corporate campus in this southern city, retired army officer Ren Zhengfei is building one of China's most successful experiments in capitalism. A mammoth operation with 70,000 employees and strong backing from the state, Huawei Technologies brags that its goal...
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Most Americans have not stopped buying Chinese-made goods, despite recent reports of unsafe food, toys and other products made in China, a New York Times/CBS News poll shows.
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By STEPHANIE HOO     JIUQUAN, China  -- Rising space power China provided a rare peek into its top-secret launch center Wednesday, capitalizing on its recent success in orbit to promote the military-funded project as a lure for foreign investment and a key to growing prosperity.    A police car with flashing lights led busloads of international journalists across northwestern China's vast Gobi Desert to the Jiuquan space center, past armored patrol vehicles and a sign, in English: "Foreigners are not allowed to enter without permission."    It was the first time China let foreigners enter, though officials forbade photographs of the command-and-control center with its rows of computer screens or the mammoth assembly hall where workers built the spacecraft that lifted China's first astronaut into orbit last October...
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NEW YORK/HONG KONG  - Chinese companies are  starting to pursue North American and European electronics and  consumer brands as their government pushes them to build global  sales forces for their low-cost products.
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Any day now China will have more web users than the US, but the net has been tamed by Beijing's iron grip
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(InfoWorld) - What struck Microsoft executive Marshall Phelps at a recent series of conferences in developing nations was that government, business and academic leaders often asked him, "How can we invent the next Google?" It's not that he took it as a slight that they said "Google" and not "MSN." What struck him was the view that a single big idea could transform a country overnight. "Not everything has to be the next big breakthrough," said Phelps, the company's corporate vice president for intellectual property, during an interview last week. The key to building a prosperous economy is to create an environment that supports innovation, he said. Innovation can take place at a piecemeal pace and does not have to happen in one fell swoop -- and usually, it doesn't. Phelps had just finished a series of conferences on innovation cosponsored by Microsoft in Indonesia, Malaysia, and Thailand. The idea was to bring together national leaders and help them figure out how to encourage innovations that play to the strengths of their countries, and how to create an environment to ensure that innovation continues. For example, Phelps said, in Indonesia many people are artistic, and the country has started to focus this talent on visual multimedia software. A drawback for the country is that around 65 percent of college graduates go abroad to find jobs. In Thailand, government agencies tend to be aggressive and forward thinking, and that can help strengthen a number of industries. Medical tourism is booming there, and Thailand is growing into an automobile titan in Asia. Innovation can occur in any of these industries -- especially with software, Phelps said. The idea of drawing on local strengths can be applied to the U.S. too, said Bob Hayward, a managing consultant in Thailand with Strat-etech Consulting Co. Ltd. The U.S. software industry is a by-product of a business environment that relies heavily on new technology for efficiency. "You must work with what's in your environment," Hayward said. Malaysia is the most advanced of the three countries Phelps visited. It has high-tech parks and attracts investments from global technology companies, which in turn support innovation locally by providing training and engineering jobs that increase the skills of the work force. Malaysia also has strengths in building data centers, and in "Islamic finance," a type of financing that does not charge interest for religious reasons. South Korea is one country in the region that has developed so far in recent decades that it is now a technology leader in some areas. It's years ahead of other countries in certain types of Internet applications because of its early focus on broadband. Its online gamers are famous, and a host of multiplayer games developed there, such as "Guild Wars" and "The Legend of Mir 2," have won acclaim outside Korea. Many poor nations are still struggling to adjust their economies to the modern world, and they are often wary of solutions proffered by rich nations and multinationals. The innovation conferences give Microsoft a chance to meet local officials and try to win their trust. It gets other benefits too, such as boosting its image and giving it a chance to discuss issues that are important to the company, like intellectual-property enforcement. The countries where the conferences were held certainly face hurdles to innovation. They are still largely agricultural, and are moving into heavier industries, where less money is traditionally spent on research and development. Intellectual-property rights are not strongly enforced, meaning inventors see their products copied in the local market, making it hard for them to expand in their country, much less internationally. Such countries may have intellectual-property laws on their books, often enacted to meet the criteria of trade deals, but enforcement of those laws moves slowly. "Once R&D is near or approaching 1 percent of a country's gross national product, then their enforcement of IP gets very serious," Hayward said. Another hurdle is the lack of a "culture of failure" in Asia, Phelps said. Government and business leaders need to be realistic that some companies and some products will fail. Governments often provide resources to keep companies afloat artificially because, they fear, if they fail it will reflect badly on their development policies. There is also a debate in many countries over which economic model to follow, and how to create a modern nation without losing cultural identity. While these are sensitive issues, several countries, such as Japan, South Korea and Taiwan, have found ways to develop while maintaining their cultural roots. The best economic model is "not a mystery," according to Hayward. "We kind of know what works and what doesn't." For him, capitalism, for all of its faults, is the best economic system available. The next step for Microsoft is to arrange more meetings and create better coordination between government officials and local Microsoft offices, Phelps said.