It is widely recognized that there will be substantially more Ph.D. engineers and scientists in China in 2010 than in the United States. In 2001, only 5% of American 24 year olds with a bachelors degree were engineers, compared to 39% in China.
National Science Foundation (2007). “Asia's Rising Science and Technology Strength: Comparative Indicators for Asia, the European Union, and the United States”.

