Mr. Panetta said that could be avoided if the U.S. and China maintain communications and, over time, build trust.
This year Ogilvy became the first ad agency to launch a China Practice in New York to serve the growing need for communications services by China-based companies as they move into international markets.
FORBES: Had Enough Of 'Made In China'? Get Ready For 'Brands From China'
According to the Bank of Communications, China will outperform 2012 thanks to rising demand from Europe and steady to rising demand from the United States.
FORBES: China Growth Seen Rebounding, But Inflation Warrants Concern
Shares of China-based Internet content and communications company Sina are trading lower after hours Thursday after the company provided disappointing guidance for the fourth quarter.
FORBES: Sina Q3 Tops Guidance, But Q4 Outlook Misses; Shrs Fall
To address the need, WPP recently announced that it would launch a three-year marketing and communications college program in China, aimed at creating a source of market-ready talent.
Its civilian space program has already brought China economic benefits in the fields of communications, navigation systems and resource exploration.
Many other projects, including supercomputers and 4G communications infrastructure, are being built in China and require a vision for the future as well as the ability to make required investments to gain access to needed technologies.
China Merchants Bank fell 2.6% and Bank of Communications lost 2% in Hong Kong while Tokyo-listed Shinsei Bank fell 5.2%.
China has become the world's largest exporter of information and communications technology.
In its WTO accession agreement, China also committed to simplify and streamline the approval process for wireless communications equipment into a single process but has not yet done so.
Shenzhen, China, August 31, 2012 - Huawei , a leading global information and communications technology (ICT) solutions provider, launched the HUAWEI MediaPad 7 Lite, the latest addition to the Huawei tablet family.
ENGADGET: Huawei's MediaPad 7 Lite gets detailed specs, shipping dates
Over the last decade, China, Africa's largest trade partner, has quietly invested significant sums in building communications infrastructure across Africa, providing technical upgrades for state broadcasters and training journalists from across the continent.
They asserts that the wireless communications segment is weaker than projected, due to disappointing TD-SCDMA handset releases in China, while PC builds are tracking slightly behind plan.
FORBES: 2012 Chip Revs Dn 3-4%; '13 To Rise 2-7%, Research Firm Says
During a similar Harvard seminar this summer, attended by, among others, a board member from Cox Communications (nyse: COX - news - people ), board members from China expressed envy that their American counterparts at least deal with audited numbers.
应用推荐