China's Massive $52 billion Investment in Science and Technology: A Wake-Up Call for U.S. Lawmakers
Beijing is ramping up its investments in the realms of science and technology, marking a significant stride that should alarm U.S. lawmakers. The Chinese government recently unveiled a colossal $52 billion investment in research and development for 2024, demonstrating a 10 percent increase over the past year. Notably, the science and technology sector has witnessed the largest funding surge among all major areas of Chinese government spending, surpassing diplomacy, education, and even the military.
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