Source: South China Morning PostThe United States should streamline its budgeting procedures to prevent losing ground to China in the tech race, according to a senior American defence official.A “time-consuming budgetary process” had impeded the country’s ability to innovate and keep pace with Beijing, Michael Brown, director of the defence innovation unit at the Pentagon, said at an online seminar hosted by the Hudson Institute on Friday.“We don’t want our budgeting process to be a disadvantage for us in that tech race,” he…Read More