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The leaders who directed the nation’s affairs after the establishment of the People’s Republic of China in 1949 were raised in this old traditional culture.
China has spent at least ten times more on quantum R&D than the United States; estimates start from USD 50 billion.
In the AI sector, China filed 30,000 patents in 2018 alone, 2.5 times more than the United States.
Beijing is proactively shaping international standards for emerging technologies including blockchain, Internet of Things (Io T) and 5G, by securing leadership positions in international standard setting bodies.
For Europe, the loss of economic competitiveness in these fields is becoming a pressing concern.
China is one of the world’s largest producers of academic papers, contributing more than 300,000 works to international journals annually.
Pictured, technicians produce vaccines for bird flu at a lab in Wuhan, Hubei province in this file photo from 2009.
It has achieved substantial growth across multiple other sectors, such as logistics, e-commerce, fintech, autonomous driving, and digital health.
And Chinese companies are competing successfully worldwide in ICT products and services.