Who would have thought that advanced machinery and electronics such as GPS navigation tools, which only a decade ago would have seemed completely science fictional, would now be a part of our everyday lives?

BBC: Viewpoint: The small business of 2063

Meanwhile, China is moving up the value chain into high-tech capital goods and is poised to account for about a third of global manufacturing of advanced machinery and equipment within a decade, from about 8% today, Mr. Zhu said.

WSJ: China Is U.S.'s 'Central Challenge,' Summers Says