Another problem with China is that to expand their industrial output, they are building coal fired power plants at a rapid pace. In a few years China's CO2 output could exceed the rest of the world combined. While Europe and America are now trying to deal with the carbon footprint of their power use, the Chinese are destroying our effort. At some point the rest of the world will have to boycott China if they don't rein in their use of coal (why don't they go nuke like France, provided they don't use Russian Cheynobl type reactors?). It would be a good excuse to start building our own automated assembly plants and build our high tech stuff at home.