We need another Sputnik
Quotes from Politics & Ideas: How to Step Up the Tech Fight Against China - WSJ 2021-03-03. I found the article through my public library.
The U.S. is standing still. As recently as 2001, America's annual investment in research and development exceeded China's by more than $300 billion. But according to a recent report from the American Academy of Arts and Sciences, Chinese investment exceeded ours for the first time ever last year. During the past two decades, China's research and development as a share of its economy has more than tripled. There are other indications of the U.S. slipping. Over the past two decades, the number of bachelor's degrees China awards annually has more than quadrupled and now exceeds that of America, the European Union and Japan combined. Although the U.S. continues to grant more doctoral degrees in science and engineering, the gap has narrowed significantly. Two decades ago, American researchers published four times as many peer-reviewed articles in the science and engineering disciplines than their counterparts in China. China received fewer than 20,000 patents two decades ago, but this figure rose to more than 400,000 by 2018, exceeding annual U.S. patent grants by more than 100,000.