Today, Mr. Pinto is the first chief technology officer of a major American Tech company, Applied Materials, to move to China. Also, the company has set up an entire research lab in China because of the high demand for more technology and energy.
But Applied Materials and their employees aren't alone, more and more companies invest directly in the Chinese market by setting up new research and development buildings in the country itself. It is becoming clear that China is becoming a high-tech economy that increasingly competes directly with the United States.
The 'immigration' of foreign workers in China shouldn't come as a suprise. China has become the largest auto market of the world, has the most internet users and also is the biggest market for desktop computers. Many well-known western companies such as Intel and General Motors have already opened research labs.
Not only are they drawn to China because of the high demand for technology, but also China's reservoirs of cheap, highly skilled engineers and subsidies offered by the governement seem to be very attractive. For example, newly graduated engineers with master's degrees can be hired for only $730 a month.
Personally I think it is good that companies are flexible enough to move to other countries to provide in the needed technology and energy because it supports the entire world economy. I don't think this will effect the position of the United States and Europe a lot, China has the right to develop itself and become an economic world player.
Tom Bogaert
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