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Politics : Dutch Central Bank Sale Announcement Imminent?
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To: sea_urchin who wrote (24051)1/7/2006 11:50:15 PM
From: philv  Read Replies (2) of 81913
 
Here is more of the same.

From Sweatshop to Laboratory

service.spiegel.de

"China's universities educate 440,000 new engineers each year. Because Chinese engineers' salaries are often about a fifth of those of their western counterparts, more and more foreign companies are moving their research and development capacities to global factory China. The professional world in the West is already beginning to pay attention to new products and innovations coming out of the giant country. In February, China announced that it plans to build the world's first commercial pebble-bed nuclear reactor. This new type of atomic power plant is considered especially safe, since uranium oxide is no longer enclosed in fuel rods, but rather in graphite spheres the size of tennis balls. "

"The Chinese are making the Americans and, increasingly, the Europeans nervous with their ambitions. European Union Commissioner for Science and Research Janez Potocnik darkly warns that within five years, China will be spending a larger percentage of its gross domestic product on research and development than the EU. According to Potocnik, China's expenditures on R&D are growing annually at double-digit rates. "If current trends continue," says Potocnik, "Europe will miss out on the opportunity to become a leading global, knowledge-based economy."

I just don't know where this is all going. I glimpse a frightening future, one where the West is rapidly losing its advantages.
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