Why China will win an Intellectual Property war in science and engineering

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1. While I am trained as an Engineer.

I don't feel that ingenuity requires a degree. Some of the top inventions in history have been done by people without degrees or training in the field the invention was made it.

In relation to China, I have wondered often why that nation's technical prowess does not match it's academic credentials prowess. In Grad School, close to 100% of technical Masters and Ph.D. Candidates are Chinese or from India, yet the US, particularly Silicon Valley, Seattle, Boston continue to dominate hard science based innovation. One thing that I fear about China is that if leaders there focus on internal growth like the US did when it became a world economic power, starting just after the Civil War through to 1970, China will swamp us in a couple of decades. Their numbers alone gives them that power, there are like 5 Chinese for every American, and that stated ratio could be lower than the real ratio.