May 22, 2024

GHBellaVista

Imagination at work

China’s Trillion-Dollar Campaign Fuels a Tech Race With the U.S.

China has embarked on a new trillion-greenback campaign to establish subsequent-technology systems as it seeks to catapult the communist country forward of the U.S. in significant spots.

Because the get started of the year, municipal governments in Beijing, Shanghai and far more than a dozen other localities have pledged six.61 trillion yuan ($935 billion) to the trigger, in accordance to a Wall Avenue Journal tally. Chinese firms, urged on by authorities, are also placing up revenue.