It is expected to grow by 5% this year, putting it only just behind China and India.
The country has been a leader in land-based turbines but lags behind China and Europe in sea-based efforts.
The country won 47 medals at the Beijing Games in 2008, finishing fourth behind China, the United States and Russia.
The island runs a large trade surplus, and its foreign reserves are the world's fourth largest, behind China, Japan, and Russia.
Yet we are still in danger of falling behind China and other nations that are competing aggressively for leadership in these technologies.
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Despite recent improvements, education and infrastructure still lag behind China's or South Korea's (as a big power cut this week reminded Brazilians).
India's literacy rate is rising, thanks in part to a surge in cheap private schools for the poor, but it is still far behind China's.
We are amazed when we look at the medal table and see Team GB in third place behind China and the USA. Can that be right?
We'll have to invest right across the board in educational opportunity so that we do not fall behind China, or India, as well as falling behind the rest of Europe.
Fund managers interviewed by Forbes over the last two months have all agreed that India was not done tightening, and was behind China and Brazil when it comes to inflation control.
According to the U.S. Energy Information Administration, the Latin American nation houses more than 770 trillion cubic feet of recoverable shale gas, the third largest in the world behind China and the U.S., that report indicated.
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We have already seen two days of competition, with some new names on display from the home nations, pitting themselves against the might of Australia and Canada - two of the world's best diving nations, behind China.
India is now the second-most- popular global destination for FDI, behind only China, and much of this is Asian investment.
The lag behind India and China in economic indicators is reducing.
"Even though China's export growth will slow this year, containerization is a major growth factor behind the expansion of China's trade, and COSCO can still enjoy very high growth, " he says.
Behind the surge: China, which supplies the vast majority of rare earth minerals, has started to restrict exports.
Japan is the second largest single-country economy, with China close behind (and expected to pass Japan this year).
It's the world's second-biggest cigarette seller behind state-controlled China National Tobacco Corp.
Great Britain finished 10th in the 2004 Olympic medals table, but will be looking to place behind only Russia, China and the USA on home soil.
Many traders are now coming to the conclusion that purchases by China are behind the recent dollar weakness and strength of currencies like the Euro and the yen.
The Street is way behind on seeing how important China is, except for the Ticonderoga analyst.
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Behind the United States, China and Japan operate the second- and third-largest economies in the world, respectively.
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Compared with the U.S., China is still behind in some key areas of Internet development, while being ahead in others.
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Meanwhile South Korea, Japan and America have all been putting out unofficial feelers to North Korea, with China and Russia involved behind the scenes.
That would be a record haul for Britain, and place it fourth overall, behind America (103), China (94, down from 100 when it hosted), and Russia (67).
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"There is a separate Asian theme, emanating from China, that is partly behind the repricing, " said Tim Condon, economist at ING.
The alternative creative scenes in China are still young, they say, and China needs a greater history behind these art forms first.
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