Chinese companies have increased the number of U.S. patents they’ve received by tenfold in less than 10 years, another sign that the world’s second-largest economy is succeeding in its strategy to transform from Silicon Valley’s factory to a powerhouse of research. Chinese inventors received 11,241 U.S. patents last year, a 28 percent increase over the same period in 2016...
China’s established practice of intellectual property (IP) theft has contributed significantly to the acceleration of the country’s technical competitiveness, making China one of the US's major cyber threats today. China’s IP theft has occurred across every sector of the U.S. market, and most impactfully against our military defense contractors.
Once regarded as a copycat, counterfeiter and patent infringer, China is now threatening U.S. IP superiority with a flood of inventions and a superior system for resolving disputes. Until now, the U.S. was the go-to nation for new ideas; the defacto innovation leader.
The two largest economies in the world are at the forefront of artificial intelligence development, but the jury is still out on which country is leading the race, according to a start-up with a presence in both the United States and China.
Advancements in shale technology and expansion of the United States’ pipeline network and oil export infrastructure have enabled it to export hydrocarbon resources for the first time in decades. This rapid increase in U.S. oil and gas production is transforming the global energy market. Supply has exceeded demand, slashing oil prices from over $100 a barrel to the mid-50s.
The high profile move by the United States to drastically cut corporate taxes has increased the pressure on other economies to hand out similar incentives to keep investors on their shores.
China is planning to build a 13.8 billion yuan ($2.1 billion) technology park dedicated to developing artificial intelligence (AI), state-backed news agency Xinhua reported Wednesday. The campus will be constructed within five years and situated in the suburban Mentougou district in western Beijing. It will cover 54.87 hectares, Xinhua said.
After reading the two presidential documents, I've found a striking resemblance in them: the unprecedented emphasis laid on innovation, an area I believe the two countries have as much, if not more, to cooperateon rather than compete. Trump mentioned innovation at least 30 times in his first national security strategy, more than double the occurrences in the 2015 strategy by his predecessor Barack Obama. It occurs more than 50 times in Xi's landmark work report at the Party congress.
China has made no secret of its ambitions to lead the world in artificial intelligence, nor of the military and geopolitical advantage it hopes to gain from this rapidly advancing technology. A closer look at Beijing’s whole-of-nation AI strategy shows the challenge to the United States -- and suggests what America must do lest it be eclipsed in this latest round of great-power competition.
China ranks second only to the United States in terms of internet development and innovation, but among the worst on cybersecurity and industry infrastructure, according to a survey of 38 countries by a Beijing-backed think tank.