|Marco's blog||An [almost] daily rant|
Thursday, October 10, 2002
notes that China turns out 700,000 new engineers every year, ten times our output. OK, we can import some of the best, and not all engineers are equal, but how long would you bet against China, especially if they clean up other areas of their society, for example expanding the private sector? The third of the assets that are held by the non-state sector (private, foreign joint ventures, mixed shareholding companies, etc.) already account for two thirds of the China's output. So, when could China threaten Silicon Valley? And therefore, when could it threaten the US?
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