Gina Raimondo, Biden administration’s commerce secretary (int’w with CNBC – Sept. 28, 2021):
…”we really want to slow down China’s rate of innovation…hence we need to work with Europe”
Note-1 -- Well-being of China’s population and human progress in general is of no importance
Note-2: -- The budget the U.S. passed for the 2022 fiscal year, which commenced 1 October, includes $180 billion for research and development in the technologies of the future. This amount is to be spread over eight years, for an annual R&D expenditure of $22.5 billion.
The budget Beijing passed last year provides for annual expenditure on R&D in new technologies of $560 billion—slightly more than triple, each year, what Washington just allotted for eight years or 25X higher per year that of the US…
Oct 8, 2021
at
7:12 PM
Log in or sign up
Join the most interesting and insightful discussions.