According to a data, China has almost twice the number of internet users as in the U.S.
For many years, the hub of modernization has been Silicon Valley, but recently, because of the accessibility of low-cost labor, China has already become the world’s central manufacturer of computers & a wide range of consumer electronics products.
The world took notice of Chinese technological expertise in late 2010, when the Tianhe-1A became the world’s fastest supercomputer.
American officials admire that China’s investments in supercomputing is really paying off.
Besides, China has become the second-largest business enterprise capital market globally, growing to $7.6 billion from just $2.2 billion in 2005.
Researchers on the Regions of Innovation & Entrepreneurship recently mapped the investment activity of nearly 769 firms investing in nearly 2203 Chinese companies.
Dr. Wu Jianping who is a computer scientist and director of the Chinese Educational and Research Network believes that moving to IPv6 (Internet Protocol version 6) is essential for China, whereas the rest of the world doesn’t seem to share his view for quick move to IPv6.
Present protocol supported by internet is IPv4.
Japan once emerged to pin the US monopoly in international market but at the present moment China has replaced Japan in this battle. Is China next Silicon Valley?