In this undated image released by Universal Studios Hollywood, characters Megatron, left, and Optimus Prime are displayed during the "Transformers the Ride: 3D," attraction at Universal Studios Hollywood in Los Angeles. Debuting May 25 at Universal Studios Hollywood, the ride, based on the film franchise, offers motion-simulator vehicles and 3D high definition video. (AP Photo/Universal Studios Hollywood)
In this undated image released by Universal Studios Hollywood, characters Megatron, left, and Optimus Prime are displayed during the "Transformers the Ride: 3D," attraction at Universal Studios Hollywood in Los Angeles. Debuting May 25 at Universal Studios Hollywood, the ride, based on the film franchise, offers motion-simulator vehicles and 3D high definition video. (AP Photo/Universal Studios Hollywood)
The first phases of a reimagined Fantasyland at Florida's Walt Disney World, the new Cars Land at California's Disneyland based on the "Cars" movies, and Universal Studios Hollywood's new Transformers ride top the list of new attractions at theme parks across the country in 2012.
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China may be outspending the US when it comes to industrial policy in sectors like electric vehicles and semiconductors, but America is winning on innovation where it can’t on price, according to one China expert.