Asia continues to surge ahead despite the obvious signs of recession in the West. Thanks to continuing high energy costs, the imports from lower-cost countries will continue to boom until the buying virtually ceases in Europe and the US. China jumps one hurdle after another, the latest being the investment in research and science. China is now #2, the US is still #1 but this is mostly because we still attract Chinese scientists. The Japanese reliance of a super-weak yen may have brought market share but the price for this continues to worsen its position vis a vis China.
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