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Technology Stocks : Investing in Exponential Growth

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From: Paul H. Christiansen	10/30/2018 8:53:27 AM
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American Tech Firms Are Winning the R&D Spending Race With China As the U.S. and China tussle over trade and technology, American companies maintain a major advantage over their Chinese rivals in a critical area: spending on research and development. U.S.-based companies accounted for $329 billion of a record $781.8 billion in R&D spending tallied by PwC for the year ended June 30. While Chinese R&D investment came in at $61 billion, in 2010 that figure was just $7 billion, PwC said. Today, 145 Chinese companies are among the top 1,000 R&D spenders, up from 14 a decade ago. The uptick in spending reflects pressures on Chinese firms to come up with homegrown innovations, particularly in artificial intelligence, 5G and self-driving vehicles, Mr. Tse said. “The gap between the U.S. and China is closing and continues to close,” said Barry Jaruzelski, the lead author of the report who leads PwC’s U.S. industrial product practice. “It wouldn’t be a shock if the lines cross in the next 10 years.” *Read More $ WSJ*

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