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China takes technology to next level

Future-Proof: Navigate Threats, Seize Opportunities at ICNY 2018 | Jan 22-26 at the Marriott Marquis, Times Square, New York

(This is Part 4 of a four-part series. Read Part 1, "China's growth has lessons for U.S."; Part 2, "As China grows, so do its problems"; and Part 3, "China at forefront of environmentalism?") There's one good thing about a nation developing late and developing fast: It can pretty much pick and choose from among all the best ways of doing things. This is exactly what China, with its vast cash reserves and virtually unlimited labor, is now doing. As a result, it's no longer just playing catch-up with the United States. In many ways, it's playing leapfrog. Technology in China's developed areas -- where most of its people live -- has already long been on par with our own. Internet cafes flourish, and the most sophisticated computers and display systems are ubiquitous in banks, stores and transportation facilities. These things shouldn't surprise Americans, since most of our own high-tech goods come from China in the first place. What may surprise p...