No question about it - China has arrived

There's no question about it: we do live in an uncertain economic climate. But, one thing that is not uncertain is that companies that ignore China's innovative ability and role in global economic recovery do so at their own risk.

It was no accident that Microsoft chose Zhongguancun and Haidian Science Park as the site of its Asia-Pacific R&D headquarters, with its more than 3,000 top-caliber scientists and engineers. It's the largest such investment Microsoft has made outside the United States.

Again, there's no question that China's moment has arrived. And the IT industry is helping to propel it forward and is an engine for global growth.