> 63.8% of world's engineering degrees are earned in China.

Weird statistic to use. It's well-known that the majority of engineers graduated in China and India are unemployably bad, and the statistic itself is based on debunked data.

See: http://online.wsj.com/article/SB1000142405274870351550457614..., http://www.washingtonpost.com/wp-dyn/content/article/2006/05..., http://www.engineeringuk.com/_resources/documents/Engineerin..., http://blogs.msdn.com/b/oldnewthing/archive/2006/06/13/62945...