Nowhere will these cuts weigh more heavily than for Science and Technology (S&T), where U.S. dominance is already under sustained pressure from major investments by China in everything from artificial intelligence to precision medicine. China came first in computer science, mathematics, materials science and engineering, while the U.S. led the way in physics, environmental and earth sciences, basic life science and clinical medicine. Building a robust innovation networkIn addition to talent development programs, China has invested heavily in a network of science and technology parks, offering support to businesses that need to convert research output into products and services. There are now 17 national high-tech innovation parks and 146 regional ones across the country which play a growing role in upgrading the local economy. By early 2016, China had already put in place over 5,000 high-tech start-up incubators, the highest number among all nations worldwide.

Source: Forbes October 04, 2017 07:41 UTC