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lec08 - graduates each year 2 What is engineering like in...

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1 China has enormous economic power Huge economic growth 6 th largest economy 3 rd most active trading nation US economy still 8 times larger than China’s China’s strength lies in labor Growth due to manufacturing Skilled, educated, self- disciplined workforce Cheap labor for manufacturing by workers (no automation or robotics) Size of population is big asset What is the “China Price”? Price of Chinese goods and services American manufacturers must match Good for consumers Bad for (American) workers China’s future growth lies in science and engineering New emphasis on scientists and engineers 200-400 research labs by foreign companies 325,000 engineering
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