China is already the world’s main maker of computers and consumer electronics goods but it is also now at the forefront of internet technology–leading everyone in deployment of the next generation protocol, IPv6 –and the next generation of computing. American officials agree that the Chinese government’s investment in supercomputing is paying off.
What’s the Big Idea?
China is also 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. At the same time, there is a consensus that China’s entrepreneurs have a workaholic culture that is unmatched anywhere in the world. All of which helps fuel its rapid technological advances.