China is fast becoming a technology superpower and is on its way to prove its prominence worldwide. It is both posing challenges and creating opportunities to the rest of the world.

China was once viewed by the world as a manufacturer of lowquality and low-priced products such as toys apparel and textiles. However this perception is no longer valid. It is rapidly emerging as a world-class producer of advanced technology products including semiconductors fiber optics pharmaceuticals etc. China's incredible economic growth has been achieved mostly by its trade and export supremacy. Low-manufacturing costs abundant technically-skilled labor and thriving consumer market have pushed China towards becoming a global manufacturing hub. Its `global path' has stretched significantly. It is now the world's largest producer of mobile phones PCs and cameras. The huge domestic market is attracting mammoth hi-tech firms worldwide which have found a niche in China.

The country is in the process of becoming a technology superpower soon. For instance though a meager 8% of Chinese have access to the Internet this equates 100 million people online second only to the US. China replaced America as the world's top technology exporter in 2006. Today technology has become a strategic tool for the country's progress. According to Kathleen Walsh a consultant Stimson Center think tank Washington "Its goal is nothing less than the transformation of the economy from once known for the label `Made in China' to one known for the concept `Made-by-China'." The `Science and Technology Plan' announced in 2006 aims at taking the country's science technology and innovation to a new level.

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