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Well these guys are underestimated - especially in this thread.

There's an inhumane regime that's true - but there's a lot of exile Chinese people that stick together like rice.
Their ancestors invented the compass, black powder and the nowadays Chinese are famous for their instincts in business around the world.

Who build Hongkong ? It's the trade hub of the southern hemisphere.

It's a bunch of people we have to have on the agenda and we have to deal with them. Especially the regimes sometimes exaggerated cruel attitude to people and the gigantic environmental issues their economic supernova is giving birth to.

If you had a look on who graduates from Harvard today and how many of these graduates are going back to their home country you will see the answer on who's going to develop high-tech in the future (and present).

Young US folks that really have the brains will nowadays most likely be a banker or lawyer. If you hold you head into research labs e.g. syngenta crop science in san diego - you will see a good 40% of the people celebrating new year on another day. Not many of them will stay forever.

China is not going to be a No1. they already are - if you don't look on where they are but which direction they are going.

you will see the answer on who's going to develop high-tech in the future

I know from a personal experience that China is hiring the brightest minds it can find in eastern Europe and Russia and investing huge sums in teaching them fluency in Chinese language, after which they are being installed in universities and industrial concerns. China is serious about being #1.

Competing against them will be fun, if we have the balls to.

Speaking of the Chinese people I'm more interested in the 800 million outside of the special economic zones.

All we hear are raves about the government-owned enterprises and how they're kicking ass. I guess so. To do business in China don't you have to hand over your technology -- may as well. They'll just steal it anyway.

Did GM ever get their case against China's Chery Automobile Company settled? Stole the whole damn car, I read.

Hong Kong is in the northern hemisphere, as are its major trading partners (China, Japan, India, Europe, US and Canada). Only Australia is a southern hemisphere nation of any major economic value to HK.