China Surpasses the USA in High-Tech Exports

China Economic Review reports

that China has surpassed the US in high-technology exports has triggered alarms on issues ranging from intellectual property to military might – and the yuan, of course.

oops..bad link, try this http://www.chinaeconomicreview.com/subscriber/articledetail.php?id=913

Was involved in a conversation with a gentleman from the law firm

Squires, Sanders & Dempsey

, he thinks China will somewhat implode in 6-7 years, too much growth too quick, very little regulation in all industries and the people in the rural areas have been and are rioting/revolting at being forced to move, adapt and deal with dumping and toxic spilling (it's China, there's a lot of them). He's a reliable source, he's been practicing law in China for 20 years, consulting with all the big companies moving in to China for a piece of the pie.

Excerpt:

Numbers can be deceiving, though. While high-tech exports have increased, it's not all DVD and MP3 players: the presence of budget-buy washing machines and air conditioners cannot be ignored.

"These figures also include white goods, and not only high-end electronics, "said Stephen Pong, executive director of the America-Hong Kong Electronics Association (AHKEA).

And 78% to 80% of the high-tech goods exported are only assembled in China from foreign components.