China: a country of technological innovation
“Made in China” has become one of the most important trademarks in the last century. China’s productivity and performance in trade has even resulted in a peak position of the world’s largest export nations in 2009. For the U.S., the Asian country has become the most essential trading partner worldwide. But those who think that China’s top position is only a result of uniform factory work are wrong. Despite the political restrictions set by the one-party system, China makes useful contributions in technological developments. In astronomy, high-speed rail technology or renewable energies, China plays an important role as partner and competitor alike. That has a positive effect on the economy of the country and if one checks China’s unemployment rate online, one can see that the percentage of people without a job is not even half as huge as in the United States.
In fact, it was estimated that 4.1 percent of the Chinese population in 2010 was unemployed whereas in the U.S., there were 9.6 percent without a regular income. In order to achieve such a good result, it is not only necessary to work productively, but also to invent new technologies like those mentioned above.
Education in technology
Many of the Chinese universities, like the Wuhan University for example, have departments which are specialized in scientific research and data analysis. Wuhan University has even won three of the 37 university awards; among them the State National Science Award and National Science and Technology Progress Award in the year 2000. The millennium in that way symbolically stands for a more serious focus on hi-tech education there.
One branch is specifically exciting: the market for mobile technologies. As recent iPhone revenue statistics show, the demand for smartphones keeps rising. Beside the Apple version, there are products by Samsung or Google, which have similar features: internet access, video, camera, phone and text are the most popular ones, but by far not all of them. It is therefore a wise decision by China to invest in these branches in educational institutions as well.