Steadfast state support is key to China winning tech race with US

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Multiple Western studies suggest China is gaining ground in the science and technology race against the US. This is attributed to China's consistent, expanding, and highly focused state support of science and technology, contrasting with federal defunding in the US. China produces significantly more STEM graduates than the US, with 4.7 million in 2016 compared to the US's 568,000, and outpacing the US in STEM PhD graduates in 2022. China's industrial policy allows it to support and scale up successful tech fields and companies. Experts suggest China's development model may be a viable, or even more feasible, approach.
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