U.S. Global Tech Lead Seen Shrinking, China Rising
America’s long dominance in science and technology is fading slowly as spending on research and development stagnates in the U.S. and China and other Asian countries ramp up investments. That’s the conclusion of a range of observers and stakeholders, from the National Science Board (NSB) to practicing engineers. “Over the past decade, we’ve really neglected R&D,” said Yanzhong Huang, a senior fellow at the Council on Foreign Relations in New York.