Wednesday, December 14, 2005

China's high-tech exports surpass US for the first time



In a previous blog entry entitled, "The Shifting Sands" I commented that America needed to learn how to play nice in the sandbox that is the world economy or no one would play with her. Further evidence of America's reduced dominance has surfaced as reported by the Economist in their weekly business brief of Dec 14;
The OECD reported that China had surpassed the United States for the first time in exporting information-technology goods, such as computers, mobile phones and related parts. China exported $180 billion-worth of IT goods in 2004, and is expected to keep its top position when figures are collated for 2005."
Partnerships become more and more relevant for a Super Economy such as she as economic power shifts. I have nothing against the US and in fact would welcome a more cosmopolitan attitude from our oh-so-near neighbour.

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