China's Technological Growth

On the video at:
http://video.google.com/videoplay?docid=-8150825770152681685

Pete Suttmeier discusses China's growth and handling of technology, investing and catching up with the rest of the major countries of the world with technology. Now this is more prevalent because while America now is lacking funding and cutting back largely in science development, countries like China are continuing their funding and gaining ground over the US. On top of this set back, many companies in the US are investing in China and abandoning the American industry because of low cost production and more leeway in certain areas of development. These companies are cutting between the lines and picking the best aspects of both countries. Now that China is getting more stable it is wishing to plan for the future. However is China really that stable? There are many things to consider as China grows including patents, funding allocation, long term reprocussions to long term projects (learn from the big dig china!) among other things. In the end however no one can be sure how China will handle these issues and only time will tell.