China’s winning the race to control the 21st century’s most valuable commodity
A new study from Harvard’s Belfer Center comparing the technological capabilities and progress of the US and China is an alarming read for Americans – and illustrates why the predictions of many experts were ill-judged.
The report, titled ‘The Great Technological Rivalry’, has concluded not only that China has made extraordinary technological leaps, making it a “full-spectrum peer competitor,” but that it looks well placed to dominate the future.
In less than a quarter of a century, America’s preeminent technological leadership of the world has been reversed. China has displaced the US as the top high-tech manufacturer globally, producing 250 million computers, 25 million automobiles, and 1.5 billion smartphones in 2020.