China is ramping efforts to topple America’s high-tech dominance. Beijing wants to take the lead in an array of advanced technologies, ranging from artificial intelligence to medical equipment. It faces challenges, of course, but it is methodically gaining ground on the U.S. and developed nations. Whether China succeeds or fails at its lofty goals, ripple effects will continue to sweep across the globe. The most innovative U.S. companies along with U.S. tech experts are sounding the alarm about China’s growing aspirations.
The technologies in China’s crosshairs require massive amounts of capital, research and innovation. In addition to AI and medical gear, there’s also industrial robots, electric vehicles, aerospace equipment, satellites, electric power equipment, telecom gear and agricultural machinery. “Today the China challenge is pointed directly at U.S. advanced industries, many of them critical to our defense industrial base,” writes Robert D. Atkinson, president of the Information Technology and Innovation Foundation, in a recent article.
Log in to see the rest of this article and the discussion
Kiplinger Alerts is a subscription-based e-mail and online alert service that helps you make more profitable decisions for your business and investments. You get reliable intelligence and forecasts on more than a dozen factors that affect the economy and are critical to your business and financial success.