They are having problems but considering they're a young capitalist growth economy they're moving rapidly, into many area's like alternative energy needs and design etc.. And unlike us they're Investing into their growth!!
August 1, 2011
First in a three-part series
China was probably the world's earliest technological superpower, inventing the plow, the compass, gunpowder and block printing. Then, science in the Middle Kingdom languished for centuries.
Until 1893, the Chinese didn't even have a word for "science." That was when a Japanese term originally made its way into the Chinese language, a symbol of just how much of a latecomer China was to modern science.
Now, leaders in Beijing are pouring money into research and development — 698 billion yuan ($108 billion) last year — in what some see as a form of techno-nationalism.
"China cannot develop without developing science and technology," Premier Wen Jiabao said in late May in a speech to the National Congress of the China Association for Science and Technology. "Our future relies on the future of science and technology."
'Brain Drain' Turned 'Brain Gain' read more>>>
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