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China’s Technology Strategy

May 27th, 2005 · No Comments

San Jose Mercury News compares China and the US:

They graduate four times as many engineers as we do.

They lavish generous tax breaks on tech firms.

They support local manufacturers.

They don’t respect intellectual property.

They, of course, refers to China. And the gripes from Silicon Valley business leaders capture in stark and accurate terms the key underpinnings of the growing tech rivalry between the United States and China.

None of these things happened by accident. They happened because China has something that the United States lacks and badly needs: a national technology policy.

he country long ago made a strategic decision that technology was paramount to its development and put in place a systematic policy to create a world-class technology sector. It sometimes runs roughshod over trade agreements or international law, which is wrong. But on the whole, the policy is simply smart.

And it’s just plain dumb for the United States to think it can compete in the tech race against China and other nations without a technology policy of its own.

In China, the importance of tech is articulated at the highest levels of government. “Science and technology are the decisive factors in the competition of comprehensive national strength,” Premier Wen Jiabao said just last month.

When will we wake up in India?

Tags: Emerging Markets

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