I spent three weeks in China in 2001, and I can tell you one thing. They have a LOOOOONGGG WAY TO GO. There are certain areas of growth in China, and some very specific projects, like the Three Gorges Dam and the Bejing Olympics, but other than that the majority of the country is like the worst part of the United States you can think of, and then divided that by ten again. There are basically two classes of people in China (excluding the major cities like Beijing, Shanghai and Hong Kong)...the haves and the have nots. There really is no middle class. Out in the country, if a family is lucky to have a vehicle, then it looked to me like it was a 25 year old 150cc motorcycle. And most of the roads look like BMX dirt tracks.
Is there potential for vast tecnological resource usage? Beyond a doubt. But it is going to be a real challenge, and possibly require some social and government restructuring before it can happen. If they do thoug, watch your shorts, because they will be vaccuuming the planet dry.
Dave