US-China tech war: Lawmakers told US research funding falling behind China

Source: South China Morning PostUS investment in research and development has reached its lowest level in decades while soaring in the rest of the world, the head of a US Senate committee warned at a hearing on proposed subsidies to the tech industry to help the United States better compete with China.Senate Commerce committee chair Maria Cantwell told the committee on Wednesday the proposed “Endless Frontier Act” had been the stimulus for a big debate about America’s competitiveness.Federal investment in research and…Read More

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