The Churchill Club, Silicon Valley's premier business and technology forum recently held their 8th annual "Top Ten Tech Trends Debate . As reported in SiliconValley.com,
some of those top-tier VCs commented about China.

For example, Joe Schoendorf, a partner in Accel Partners made this observation which was partly reaffirmed by other VCs.

Few VCs disagree with this bold fact: China continues its march to being both a low-cost producer and a low-cost, world-class innovator.

"They've gone from the copying phase to the innovative phase," said Schoendorf."Our competitiveness is my favorite trait, but I don't think we see what's going on in China," claimed Schoendorf.

Others like, John Doerr of Kleiner Perkins reflected. "Joe's right, China's very important." " And I'm not sure we can't collaborate with them, and seeing China succeed is probably more important than [trying to] to compete with them."

Ann Winblad of Hummer Winblad on China:

"China is an enormous competitive threat. But it's not all bad news. Innovation needs strong drivers. This could be fabulous if we have the right leadership [to answer the challenge]."

Roger McNamee of Elevation Partners: Noted that while's China's made great strides, it's trying to make a lot of
technological progress in a short time."Their infrastructure has a long way to go," said McNamee.

But he also mentioned that China's huge population and resources make it a major force in setting tech standards.

The Churchill Club's 5,000-member, nonprofit organization has built a reputation for dynamic, in-the-news programs featuring Silicon Valley CEOs, up-and-coming executives and national business leaders.