According to the FSIP’s forecast, China’s public spending on research is likely to overtake that of the United States in the next two to three years.

  • stumu415@lemmy.zipEnglish
    13·
    7 days ago

    I can tell from my own experience that for pharmaceuticals, they invest heavily in China. One German pharmaceutical has within 1 year, tripled their own staff and bought a local pharma for 1 billion US$. At the same time they closed multiple locations in the US and laid off hundreds of people. Because of the current regime that do not support or believe in the new science. Both Chinese local and central governments are going hard on science with big investments or tax breaks.

    Edit: not to mention the investment in Green and renewable energy. China invested 1 trillion dollars last year alone. https://hive.blog/hive-167922/@cryptoandcoffee/china-invested-1-trillion-on-renewable-energy-last-year-dqc

  • HumanOnEarth@lemmy.caEnglish
    11·
    7 days ago

    I spent my school years hearing the story of how China would inevitably become the world’s leading superpower in the 2020s. Wild to see it playing out in real time.

    • Hazy@aussie.zoneEnglish
      91·
      7 days ago

      It’s such an obvious playbook to follow but conservatives hate science and investments that help a country’s human capital to flourish

    • njm1314@lemmy.worldEnglish
      91·
      7 days ago

      Certainly expected it to happen, just didn’t expect it to be helped along so greatly by American conservatives.