China is not only vying for the top economy crown but also breathing down America's neck in a panoply of key industries. Take for example the global PC market, where it is currently ranked second - just behind the US - with somewhere between 15 to 20 percent of all PC sales. Its rise to the top of the PC market is most likely to happen sometime this year.
So the soon-to-be world's biggest computer market must have the undivided attention of Microsoft then? Not really. Not until China respects intellectual property rights and clamps down on software piracy. Microsoft after all only owes 1 percent of its total revenue to the Chinese market. According to Steve Ballmer, the company sees greater promise in countries like India and Indonesia.
The Microsoft CEO told media persons in Singapore that intellectual property protection in these two countries is far better than China. He also shared his concern over the ongoing debt crisis in Europe. Ballmer fears a possible global fallout from Europe's debt crisis.