That said, the silver tycoons of Southeast Asia may tell a story of comparative stasis when set against thenew wealth being created in China, where the first generationof capitalists rose from the ashes of Maoist economic ruin.
We also agreed to strengthen contacts between our militaries, including through a maritime agreement to decrease the chances of miscalculation and increase America's ties to a newgenerationof China's military leaders.
While we don't know how the Chen case will ultimately turn out, for the United States, it's time to think strategically of enlisting more advisers from a newgenerationofChina scholars.
China lacks the ability and capability to turn inventions to innovations that lead into a newgenerationof products and industries and thereby help companies achieve sustainable competitive advantages.