China's Silicon Valley?

"“Zhongguancun” doesn’t roll off the Western tongue easily, but it will soon be an address that technology investors must learn. For 25 years, locales from Singapore to the south of France have tried to create their own Silicon Valleys, but the original’s remarkable spirit has never been duplicated. China, however, is putting the finishing touches on its own Silicon Valley — and this time, they may have found the recipe."

This may be hype, or it may be for real, read the article yourself. Certainly something is moving.

And watch out for this bit:

It’s hard to spend much time among the enthusiastic entrepreneurs at Zhongguancun and Tsinghua without worrying about how the U.S. will measure up in years to come. While the number of U.S. science and engineering graduates declines, year after year, China’s numbers are surging. China already graduates more English-speaking electrical engineers than does the U.S. Last month the U.S. came in 17th in an annual international collegiate programming contest; a team from a Shanghai university came in first. And U.S. middle school math and science scores continue to lag behind those of other developed nations — even as school boards debate how to teach evolution.