| Click for the Finfacts Ireland Portal Homepage |

Finfacts Business News Centre

Home 
 
 News
 Irish
 Irish Economy
 EU Economy
 US Economy
 UK Economy
 Global Economy
 International
 Property
 Innovation
 
 Analysis/Comment
 
 Asia Economy

RSS FEED


How to use our RSS feed

Follow Finfacts on Twitter

 
Web Finfacts

See Search Box lower down this column for searches of Finfacts news pages. Where there may be the odd special character missing from an older page, it's a problem that developed when Interactive Tools upgraded to a new content management system.

Welcome

Finfacts is Ireland's leading business information site and you are in its business news section.

Links

Finfacts Homepage

Irish Share Prices

Euribor Daily Rates

Irish Economy

Global Income Per Capita

Global Cost of Living

Irish Tax - Income/Corporate

Global News

Bloomberg News

CNN Money

Cnet Tech News

Newspapers

Irish Independent

Irish Times

Irish Examiner

New York Times

Financial Times

Technology News

 

Feedback

 

Content Management by interactivetools.com.

News : Innovation Last Updated: Jan 9, 2012 - 2:03 AM


How serious is China's challenge to America's technology lead? Chinese to land on the moon, Americans on an asteroid
By Finfacts Team
Jan 6, 2012 - 8:22 AM

Email this article
 Printer friendly page

How serious is China's challenge to America's technology lead? Over the New Year's weekend, a pair of NASA spacecraft arrived back in the US from the first mission devoted to studying lunar gravity. America had established its dominance in the space race in July 1969 when the first humans landed on the lunar surface from Apollo 11 and days before last week's return of the NASA vehicles, China announced an ambitious five-year plan for space exploration that would move China closer to becoming a major rival at a time when the American program is in retreat.

Chinese in the next decade may become the first humans to land on the moon since Apollo 17 astronauts descended onto the Sea of Serenity in 1972. President George W. Bush had called on NASA to return to the moon by 2020. President Obama canceled that program and now wants the agency to send astronauts to an asteroid. The Soviets had triggered the Space race by the launch of the Sputnik satellite in 1957 but Russia could not sell one consumer product in the West. China today is a much more serious rival.

Leading North American, European, Japanese, and Korean manufacturing multinationals (MNCs) rightly fear that they may find themselves launching rivals to their own market position when they weigh access to the vast Chinese market against technology acquisition and management imitation on the part of Chinese partners and other indigenous competitors. Bringing in new technology to gain access to the Chinese market - - whether for domestic market penetration or as a base for exports - - may therefore often appear to individual foreign multinationals as making a Faustian bargain with the devil...

To continue reading this article, subscribe to Finfacts Premium for the low annual charge of €25.

It's a simple fact that in the prevailing economic climate, the provision of high quality content cannot be sustained through advertising alone.  If you are a regular user of Finfacts, 50 euro cent a week is hardly a huge ask to  support the service.

This article can be accessed here.

Related Articles
403 Forbidden

Forbidden

Execute access is denied.


© Copyright 2011 by Finfacts.com

Top of Page

Innovation
Latest Headlines
New crowdfunding website for Ireland launched
Airbus A320neo has maiden flight and thousands of orders
Entrepreneurship Myths: Incubators useless? Peak age to start? Cloning Silicon Valley?
Rising rents pushing startups out of tech hubs
Apple says it sold 10m iPhone 6 models in 3 days from Friday
Intel to invest $6bn in Israel with 5% tax rate; To increase 10,000 payroll
Ireland: Highest manufacturing productivity per person in EU thanks to US drugs firms
Apple on Tuesday launched smartwatches, big iPhones and payments wallet
Novartis of Switzerland may have developed blockbuster heart drug
Why VCs get rich even when they make bad investments
US funds raise funding of European tech startups; Few $1bn firms so far
Google to launch accounts for children?; Facebook facing baby blackout
Smartphone owners’ demand for new apps falls
Education & Jobs: Austria has low unemployment, low third level graduate numbers
Dreams of European Silicon Valley & 1685 Revocation of Edict of Nantes
Ireland: Third OFFSITE digital event to be held in West Cork next month
Venture capital is exception as funding source for tech startups
Computer coding is a trade that doesn't need college degree
Irish resident patenting not suggestive of 'world class knowledge economy'
Irish Patents Office breaks the law - - Update
Google paid little corporate tax in Ireland and UK in 2013
Facebook surges on mobile ad revenues; Irish services exports to rise
Microsoft said Tuesday that its quarterly profit fell 7.1%
Many high growth firms either fail or fade - Part 1
Apple iPhone sales rise with China's help but iPad sales dip
Switzerland, the UK and Sweden top Global Innovation Index 2014
Google's second quarter revenue growth beat market estimates
Almost three quarters of US STEM graduates do not work in STEM occupations
Microsoft to cut 18,000 jobs in next 12 months with 12,500 from ex-Nokia unit
Irish Software Industry Report: Plea for public help but nobody wants to pay
Shire recommends £31.4bn takeover bid - "Irish" drugs firm run from Boston, listed in London
Google Ventures opens European unit to invest in startups
Germany's lessons in football and business
Top 1% of entrepreneurial firms in 10 countries account for 40% of job creation among startups
World’s 14bn online electronic devices waste US$80bn each year
The innovation slowdown at the US tech giants
The boot camp helping Swiss startups break into the US
Irish Digital Technology Index 2014: Superlatives a plenty but...
High-growth UK startups 'debt-shy'; Micro tech firms that do not grow get funding
Europe Entrepreneurship: Micro firms up 370,000 in 2008-2013; No growth in other firm numbers