It's hard to prove that Chinese culture places a greater value on education than Americans. And you can argue that Chinese education is slanted towards perfection of memorization (tangent: is that why they can copy anything?) But consider that the elite Politburo is ruled by engineers - how many people on Bush's cabinet have engineering pedigree?
"For the first time ever, all the members of China's elite Politburo Standing Committee, the highest tier within the Communist Party, are card-carrying engineers."
http://www.spectrum.ieee.org/print/1231 http://en.wikipedia.org/wiki/Politburo_of_the_Communist_Part...
Maybe not. Maybe they can improve the quality of living there which adds to social stability, or come up with an innovation that can be shared with the planet, as information as easily shared these days. Things may work out in any case.
Ultimately it's the top few percent who produce technological innovation anyway.