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China to Overtake US in Science Research

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TEHRAN, March 30 (ICANA) – China is on track to outstrip the U.S. in scientific research activity over the next two years, according to a Royal Society report.
Wednesday, March 30, 2011 11:04:51 AM
China to Overtake US in Science Research

In particular, China will overtake in terms of global share of published research articles in 2013, according to the report, Knowledge, Networks and Nations, published on Monday.

The report picks out China as leading the 'Bric' pack of emerging economies - Brazil, Russia, India and others - in catching up with and, in the case of China, superseding traditional scientific leaders the U.S., Western Europe and Japan on various running tracks of the scientific landscape. Market Watch

For the first time in the auction world, China last year topped the United States and the United Kingdom as the biggest seller of art. Chinese public auctions in 2010 accounted for 33% of worldwide global fine art sales, while American houses sold 30% and UK 19 %. AllGov

Economists forecast that China could overtake the U.S. economy as well in the near future. AllGov

World Bank's chief economist, Justin Lin has said China has the potential to overtake the U.S. and become the world's largest economy in about 20 years time. Finance Markets

The U.S. has the world's leading economy which was worth $14.6 trillion in 2010. bea.gov

The Congressional Budget Office says the U.S. budget deficit will reach $1.6 trillion in 2011. federalbudget.com

The U.S. debt is over $14 trillion and counting.

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