China leads the world in tech research, could win the future, says think tank
ASPI did consider the question of whether expertise in high-impact research translates to manufacturing output.
But when the Chinese Communist Party prioritizes and invests in an area, it can sort that out, ASPI opined. This is why, among its 23 policy recommendations, is a suggestion that nations consider sovereign wealth funds to provide venture capital and research funding, among other national strategies to improve their own capabilities.
The think tank is clear about why China's lead is a problem. In the short term, it's not ideal to have one or two countries dominate new and emerging industries – if for no other reason than to ensure resilient supply chains.
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