However, economic achievements alone will not overtake the United States as the world's dominant power unless China moves from globalization to technology. Deng Xiaoping did a great job in letting the mice to compete to catch the cat and brought economic stability and enhancing people's life standards. Since 1979, we have seen rapid globalization along with limited technological development, mostly confined to IT. Now, it's time to get into the next step of selecting the right mice to bring technological reforms. China has to establish its own Silicon Valley by attracting the talents and the young minds. It's true that Chinese government gives a lot of scholarships to foreign students every year but a handful of graduates remain and work in China in their fields of study for many reasons such as: forming a family and settling down. Children of foreign immigrants find it very difficult to go to schools and be socially secured due to over regulations. It's true that shanghai has taken the initiative in giving international students that graduate from top universities a two-year visa after graduation to find a job or start a business but that is not enough since it is still overregulated .

Technology matters more than globalization, if China doubles its energy production over the next two decades, it will also double its air pollution and result will be catastrophic. In a world of scarce resources, globalization without new technology is unsustainable. It's time for China to move towards technology.