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→Foreign Investment
Opening to the outside remains central to China's development. Foreign-invested enterprises produce about half of China's exports, and China continues to attract large investment inflows. Foreign exchange reserves were $1.1 trillion at the end of 2006, and have now surpassed those of Japan, making China's foreign exchange reserves the largest in the world.
Opening to the outside remains central to China's development. Foreign-invested enterprises produce about half of China's exports, and China continues to attract large investment inflows. Foreign exchange reserves were $1.1 trillion at the end of 2006, and have now surpassed those of Japan, making China's foreign exchange reserves the largest in the world.
===Internet censorship===
U.S. Secretary of State Hillary Clinton has criticized Chinese censorship and restrictions on the Internet, and China is pushing back since the Communist Party considers Internet control essential if it is to maintain the stability of the country. Between 2006 and 2010, Google had a censored version of its search engine in mainland China on google.cn. In 2010, Google ended its censored mainland Chinese version, instead offering a link to the Hong Kong Chinese version, which does not censor search results, but is blocked in the mainland. The Communist Party promotes Internet use for commerce, but heavily censors content it deems pornographic, anti-social or politically subversive and blocks many foreign news and social media sites, including Twitter, Facebook, and YouTube. The censorship is nicknamed the "Great Firewall of China," which is based on the [[Great Wall of China]]. However, the censorship can easily be bypassed with a [[Virtual Private Network]] (VPN), colloquially known as 翻墙 (''fānqiáng'', lit. "going over the wall").
===Higher education===
===Higher education===
Despite fears that China may be outpacing the United States in turning out engineers, the number of college students in China who study engineering is on the decline, according to ''[[Global Times]]'', a Chinese party-controlled newspaper. Fewer than one in 10 college graduates in 2009 majored in engineering. Instead, students are turning to economics, finance, and management, which pay more and carry more social status. "Engineering usually makes people think of factories, while factories often give people an impression of hard work, low wages, and layoffs," the newspaper quoted one professor as saying.
Despite fears that China may be outpacing the United States in turning out engineers, the number of college students in China who study engineering is on the decline, according to ''[[Global Times]]'', a Chinese party-controlled newspaper. Fewer than one in 10 college graduates in 2009 majored in engineering. Instead, students are turning to economics, finance, and management, which pay more and carry more social status. "Engineering usually makes people think of factories, while factories often give people an impression of hard work, low wages, and layoffs," the newspaper quoted one professor as saying.