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China, not U.S., to be new driver of world's economy and innovation


A new study of worldwide technological competitiveness suggests China may soon rival the United States as the principal driver of the world’s economy — a position the U.S. has held since the end of World War II. If that happens, it will mark the first time in nearly a century that two nations have competed for leadership as equals. The study’s indicators predict that China will soon pass the United States in the critical ability to develop basic science and technology, turn those developments into products and services — and then market them to the world. Though China is often seen as just a low-cost producer of manufactured goods, the new “High Tech Indicators” study done by researchers at the Georgia Institute of Technology clearly shows that the Asian powerhouse has much bigger aspirations.