9 Facts about Private Science and Technology Firms in China and How they Clean Up in Business

China’s science and technology companies are cleaning up big time, rolling in the dumplings, making a killing.

How about these facts?

1. China had 14,000 private sci-tech companies in 2005.

2. China’s sci-tech companies spent 123 billion yuan ($15.4 billion) on R & D last year.

3. China’s sci-tech companies MADE 6.1 trillion yuan ($762.5 billion) in groww income during the same time period.

4. China’s sci-tech companies have 6 trillon yuan in assets.

5. China’s sci-tech companies employ about 12 million people – about 4 million of the do nothing – sr. mgt professionals.

6, China’s sci-tech companies are located  in 53 national levl high-tech parks.

7. China’s sci-tech companies are 90% privately owned.

8. 65% of China’s high tech patents are owned by small and medium sized companies located in one of these parks.

9. 80% of China’s new sci-tech products come from these same small and medium sized companies.

Gee, were I a kid who was interested in science or technology, where would I want to go work?

What do you think?