The only way that the US has been able to compete for the past decade...even through the Bush years, the banking stumble, and the past four years...has been via the lousy dollar. They’ve cheapen it enough....that it only makes sense to do deals with US companies.
What has happened in the four years since the Chinese in 2009 called for the replacement of the dollar. Why have they changed their tune.
The answer is that fracking will make the US oil independent in 5-7 years which will push down the US balance of payments. But more important than that —fracking means that the US has another 50-100 trillion dollars of worth of oil and gas backing the dollar.
Oh yeah, the Chinese would dearly love to get ahold of US technology because they have trillions of dollars worth of oil and gas reserves available if they can get ahold of the new technology. Which they will in a couple years.
Whereas the Egypians and the Venezuelans are grossly incompetant — the US is showing once again that it is a world beater.
Oh yeah, I forgot to mention that since 2009, mobile devices have become computers.
As well, in the next couple years 3d printing will take the world by storm. This represents a whole new industrial revolution.
There are a couple more technological surprises coming in the next five years as well
The chinese who pay closer attention to the USA than does the USA pay attention to itself—get this stuff.