Not Just Toys Anymore
The Peoples Daily reports that the PRC plans to boost exports of software to 10 billion dollars in an effort to increase its overall service exports. According to the Ministry of Commerce, China exported 3.6 billion dollars worth of software and related services in 2005, a rise of 28 % from 2004.
In addition, China plans to increase trade in services from 160 billion dollars in 2005 to 400 billion dollars by 2010. Now that the de-industrialization is almost complete, the Peoples Republic has set its eyes on our high-tech sector.
Now some might say that for as much as they will export they will import. Maybe you are right, but it will not be from the US. The Ministry of Commerce (MOC) reports that China's technology imports from Japan reached 4.45 billion U.S. dollars and that from the United States, 2.89 billion U.S. dollars, that was dwarfed by imports from the EU at $7.54 billion.
While it is believed China would not be able to compete with us militarily because of our technological superiority, they seem to be steadily correcting that with a build up of their hi-tech sector (at American expense of course).
In addition, China plans to increase trade in services from 160 billion dollars in 2005 to 400 billion dollars by 2010. Now that the de-industrialization is almost complete, the Peoples Republic has set its eyes on our high-tech sector.
Now some might say that for as much as they will export they will import. Maybe you are right, but it will not be from the US. The Ministry of Commerce (MOC) reports that China's technology imports from Japan reached 4.45 billion U.S. dollars and that from the United States, 2.89 billion U.S. dollars, that was dwarfed by imports from the EU at $7.54 billion.
While it is believed China would not be able to compete with us militarily because of our technological superiority, they seem to be steadily correcting that with a build up of their hi-tech sector (at American expense of course).
posted by Aleksandr at 2:12 AM
2 Comments:
Fortunately, de-industrialization is not as near complete as many would think. This does not alter what the danger is - only the amount of time till it gets worse.
Once they have substantial high tech industry, their military will be superior to ours.
Many were once deluded that China would be a great trading partner because they would import vast amounts of our goods. How they got that deluded I can't imagine. Seems elementary to me that they wouldn't import until most of their own industrial base is up to our standards. After all, what would they have bought our goods with?
TRex
De-industrialization is complete on the light manufacturing end, and it is almost complete on the heavy industry end.
That is why they are starting on the tech side.
You are exactly right about once they attain the tech their military will become superior to ours.
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