By James Reynolds
BBC News, Beijing
***
China does not want to make other people's products forever. It plans to start inventing products of its own.
***
Since 1999, Chinese spending on research and development has grown by 20% every year.
Hu Jintao has set a research and development target of 2.5% of gross domestic product by 2020.
***
The Organisation for Economic Co-operation and Development (OECD) says that China has now overtaken Japan's research and development spending.
In seven years time, China may also overtake the world leader, the United States.
***
more:
http://news.bbc.co.uk/2/hi/asia-pacific/6912056.stmGuess they're not going to live off of U.S. interest payments alone. Won't it be fun to watch yet another corner of the world surpass the outsourced, bankrupt U.S.?