Day: 05/29/2021

Outspend to Outsmart the competition? China’s growing R&D funding

China tends to become unsurpassable in its mature industries, and therefore China’s self-sufficiency, if achieved, will certainly threaten the US’s global position. Nonetheless, the fast-paced nature of the high-tech industry in combination with the domestic and international challenges mean that self-sufficiency is likely decades away. But China’s R&D spending is on a trajectory to oust the US from top position. Here’s a comparison of the data.