Jul. 31 - The United States will soon allow more high-tech exports to China as part of the issues agreed upon during the recently concluded China-U.S. Strategic and Economic Dialogue this week.

“The U.S. pledged to facilitate exports of high-technology products from the U.S. to China,” Vice-Premier Wang Qishan told China Daily adding that the dialogue was a “full success.”

They are set to pass us by in the next 5 to 10 years. Is now really the right time to give our Technological edge away?

By TIMOTHY AEPPEL
China is on its way to surpassing the U.S. as the world's largest manufacturer far sooner than expected. The question is, does that matter?

In terms of actual size, the answer is, no. But if size is a proxy for relative health of each nation's sector, the answer is yes.

Anyone who walks the aisles of a U.S. retailer might think China already is the world's largest manufacturer. But, in fact, the U.S. retains that distinction by a wide margin. In 2007, the latest year for which data are available, the U.S. accounted for 20% of global manufacturing; China was 12%.

The gap, though, is closing rapidly. According to IHS/Global Insight, an economic-forecasting firm in Lexington, Mass., China will produce more in terms of real value-added by 2015. Using value-added as a measure avoids the problem of double-counting by tallying the value created at each step of an extended production process.

Vice-Premier Wang Qishan told China Daily adding that the dialogue was a “full success.”

The F-117 was developed in great secrecy in the 1970s. It entered service in 1983 but was not revealed officially until 1988. It saw its first combat in the 1989 invasion of Panama and was a star of the 1991 Gulf War.

"Long before the 1999 war, I took keen interest in the stealth fighter and on how it could be detected," said Dani, who has been hailed in Serbia as a war hero. "And I concluded that there are no invisible aircraft, but only less visible."

Hackers based in China crashed the website of Australia's biggest film festival at the weekend in protest at organisers' decision to feature a documentary about the exiled Uighur leader Rebiya Kadeer.

Filmgoers trying to buy tickets for the Melbourne film festival on Saturday were informed that the event was sold out after protestors exploited a loophole to make phony ticket purchases. A Chinese website titled A Call to Action to All Chinese People had explained how to set up a fake profile to buy tickets, with the aim of crashing the festival's site.