China: World's High Tech Leader?

China is poised to take the world lead in technology. It now has the world's fastest supercomputer. Much has changed from my first trip to China in the early 80's when they had NOTHING. What a difference 30 years - and a plan -- can make.

"What scares competitors is that China has begun producing waves of amazing hardware engineers and software programmers, winning international competitions and beginning to dominate the best engineering programs in the United States. The University of California, Berkeley, is about to announce a deal to create an engineering campus in Shanghai, raising fears about transferring technology from one of the best American engineering schools."

And check this:
"Moreover, China is now the world’s second-largest venture capital market, growing to $7.6 billion from just $2.2 billion in 2005, while the American venture capital market has remained largely stagnant, according to Rebecca A. Fannin, author of the new book “Startup Asia” (Wiley)."

Meanwhile our Congress CUTS back on investments in technology, science, space, education, etc. Congress shortsightedness is dangerous and threatens our future tech lead.

Here is the link to the full WP article:
http://www.washingtonpost.com/blogs/the-fix/post/mitt-romneys-10000-mistake/2011/12/11/gIQA9aEQpO_blog.html?hpid=z2