China’s latest ranking and the return of foreign investors reveal a simple truth: its rise must be acknowledged
It also exposes a profound paradox. While the United States has spent years trying to contain China’s technological rise, its efforts are not only failing but are also undermining global innovation and America’s own long-term interests.
But both the UN innovation ranking and a closer look at the data reveal the futility of this approach. Instead of stifling Chinese innovation, American pressure has catalysed it. Faced with external restrictions, Chinese companies and research institutions have doubled down on domestic development, funnelling massive resources into domestic R&D.
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