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China surpasses US in research spending – the consequences extend far beyond scientific ranking and clout (theconversation.com)
submitted 4 months ago by to c/science@lemmy.ml
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[–] 3 points 4 months ago (3 children)

China is not pulling ahead in research spending, USA is stepping way back to insure no tech is in the pipeline for the future.

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  • [–] [S] 13 points 4 months ago (2 children)

    It's clearly both. China is a country of 1.4bln people and a strong education system available to all. It's obvious that in the long run China was going to surpass the US no matter what the US did. The very fact that China caught up and is now surpassing the west in every technological field is a clear indication that the rate of progress there is much faster.

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  • [–] 1 point 4 months ago (1 child)

    Chinese corporation invest in R&D, like Americans did when it was GREAT. Now corporations invest in CEO salaries and stock buybacks.

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  • [–] [S] 6 points 4 months ago

    It's more that the economy in China is largely state driven, and the state also controls the golden share in all large private companies and has people on the boards of them. China is not a capitalist country where companies get to decide how to operate. They exist to serve the interests of the nation.

    https://www.piie.com/research/piie-charts/2024/chinas-private-sector-has-lost-ground-state-sector-has-gained-share-among

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