Comment by scotty79
8 hours ago
> There is no secret sauce the US labs have that the Chinese ones don't, or won't have soon enough.
Over last year it seems that the only thing US labs are ahead is money spent. At least half of technical innovations if not more came from Chinese labs and was published openly.
Broad and deep capital markets are a real competitive moat for the USA. No other country or economic bloc can quickly deploy huge amounts of capital to new opportunities nearly as fast. China can work around that to an extent with a command economy that focuses resources on national strategic priorities but it's slower and less effective over the long term.