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To: elmatador who wrote (43658)	12/19/2003 11:56:07 AM
From: RealMuLan	Respond to of 74559

here is a start<g>. Message 19613545 And this article has a misleading title<g> China has not even attempted to become a high-tech economy, because it is NOT in China's interest now, so where is that "misguided" come from? maybe only in the report's imagination<g> The targeted R&D spending in China for 2005 is 1.5% of GDP, that means the past/current spending is not even that much. And in developed countries like the US and Japan, R&D spending is usually bet. 2.5 and 3 percent of their GDP. And keep in mind the GDP for the US and Japan is times higher than China. Having said that, China will catch up, if not in the next 20, then next 50 years it will. Chinese are patient<g>. Take the example of the development of Dragon (I) chip. It took only 40 man heads (who had no previous experience) in little over a year, and spent about 10 million Yuan (<US$1.21 million) to develop an embedded chip equivalent of Pentium II. And now Dragon II is out, which is estimated by some scientists only about 3 years behind the international standard. Dragon III chip is now under developing, and the target of its perfomance is better then Pentium IV.