Indeed. I've been saying for a number of years that the West's days in charge are now on the decline.
As everything improves in the East, be it education, wealth or whatever, they will inexorably rise and there are vast resources of talent just waiting to be tapped. The future is always something to look forward to!
Of course, our stupid politicians haven't a clue what's going on, which is why they keep harping on about the 'economic recovery'. There ain't one coming mate! The emphasis has moved and we've sat on our backsides and watched it happen. I can't remember the last time I bought some household item that wasn't Made in China... What we actually need to do is 're-adjust to our new status in the world order'!