A Growing Technological Gap with China?

The drivers for sustaining the decades-long growth of the Chinese economy are the subject of enduring conjecture, controversy and even wonder. From a US$1 trillion economy in the 1980s, China’s GDP has crossed the US$4 trillion mark and is vying with Japan for the status of the number two economy in the world. China has now set itself the task of becoming a major research and development (R&D) power in the medium-term, signalling its ‘arrival’ as a major power.