Western capital markets, led by the U.S., and corporate outsourcing to give China the “dirty work” and the “low end” tech commodities trade has finally come to this: China is nearly on par with the U.S. in advanced technologies. When that parity arrives, it means the West is losing.
“In the U.S.-China rivalry, the nation with the most advanced technology will be the nation with the biggest economy. With four times our population, if China got to parity on tech with us, it would have four times our GDP and a bigger military. Parity means the West is losing,” said Jacob Helberg, a commission with the U.S. China Economic and Security Review Commission. “Tech dominance should be our north star.”
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