Trade war or not, China is closing the gap on U.S. in technology IP race [Business News Network (BNN) Energy & Resources (Canada)]
JP Morgan Chase & Co. (JPM)
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Source: Business News Network
Trade war or not, China is closing the gap on U.S. in technology IP race HONG KONG - China's rising investment in research and expansion of its higher education system mean that it is fast closing the gap with the United States in intellectual property and the struggle to be the No.1 global technology power, according to patent experts. While U.S. President Donald Trump's threat of punitive tariffs on high-tech U.S. exports could slow Beijing's momentum, it won't turn back the tide, they say. Washington's allegation that the Chinese have engaged in intellectual property theft over many years - which is denied by Beijing - is a central reason for the worsening trade conflict between the U.S. and China. Forecasts for how long it will take for Beijing to close the technological gap vary - though several patent specialists say it could happen in the next decade. And China is already leapfrogging ahead in a couple of areas. "With the number of scientists China is training every year it wil
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