Hopefully not. An LA Times opinion piece today notes that China is becoming the leader in wind and solar energy products manufacturing and in electric cars. Most new technologies are coming from the US, but China is pushing hard to become the main manufacturer in these markets and also develop new technologies.
I've long stated that the US needs to move into energy and water technologies hard as these are the next great high-tech growth industries. The article discusses how the investment markets drying up in the US during the recession is giving China an edge. China is opening the "public purse strings" to fund energy technology development and manufacturing. Both private industry and the US government need to step up and keep the US in a leadership position in these key markets. Here's the article:
http://www.latimes.com/news/opinion/commentary/la-oe-silver19-2009may19,0,6622766.story
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