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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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[–] 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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