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US to spend $110 billion in technology for basic research to counter China

F-22Raptor

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The United States Senate has cleared an effort by legislators to set up USD 110 billion in technology funding for basic research as a measure to counter China amid strained ties and fierce competition between the two countries.

The Senate Committee on Commerce, Science, and Transportation voted to approve the Endless Frontier Act on Thursday, which would see billions of dollars poured into basic research - the advancement of scientific theories that underpin applied technologies - over five years, in areas that include artificial intelligence, semiconductors, quantum computing, advanced communications, biotechnology and advanced energy, reported South China Morning Post (SCMP).

While the bill still needs to be approved by the rest of the Senate and the House of Representatives, a consensus is emerging in the US that the country must do more planning to cope with China's strategic technological challenge.


China's 14th five-year plan from 2021 to 2025, calls for spending in the area to reach 8 per cent of total research and development expenditures.

"The Endless Frontier Act is trying to stimulate both US public and private entities in developing, enhancing, and accelerating new technologies and processes to move into the 21st century, and specifically, to compete with China," said Cameron Johnson, an adjunct faculty instructor at New York University.

"The challenge is China has made new technology advancement and integration a key part of industrial policy for almost a decade," he added.

According to SCMP, the Act marks a big shift for the US in its strategy towards technological research, said Zhou Zipeng, an analyst at a think tank.

"It's not officially a law yet, but the proposal is already a sign that the US is now taking China as its main rival," Zhou wrote in a note.

The push in spending comes amid the growing risk of technological decoupling between the world's two biggest economies and Beijing's ambitions to have an innovation-led economy.

China has previously failed to meet its previous five-year plan's spending target for scientific and technological innovation.

It has also fallen short in its goal to establish 700 key state labs by the end of 2020, which receive backing from governments, universities or corporations.

The main goal of the Endless Frontiers Act is to stimulate US public-private partnerships to advance research, commercialisation and education in key areas.

It also places restrictions on cooperation with China and urges development in areas of competition between the two world superpowers.

Under the former President Donald Trump's administration, ties between Washington and Beijing had deteriorated over issues such as human rights violations in Xinjiang, encroachment on the special status of Hong Kong, accusations of unfair trade practices by Beijing, lack of transparency concerning the pandemic and China's military aggression around the world.

https://www.business-standard.com/a...research-to-counter-china-121051500084_1.html
 

52051

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$110 billion is just barely enough to buy everyone in the US defense industry a dozen of new toilet tissues.
 

Globenim

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I like how they sent out their dogs at SCMP from the U.S. regime controlled Foreign Correspondence Club who always reports about the most poorly researched, absurdest and most uninteresting things nobody in "South China" or anyone in Asia in general could care about, just so they can shift the blame for whining about China when spending a bit of money on basic research.
 
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bshifter

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basic research to counter China? Didn't he already brag about US supa dupa long range hypersonic missile that is becoming a threat to Chinese Navy? Now it needs to pour money for some basic research? America seems to come up with new strategies and methods countering China every week. Sounds to me America is weak and insecure that needs to constantly release new war plans on a regular basis just to stay relevant.
 

bshifter

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Bound to failed, if US can't counter China in the past 40 years when China was very poor, it can't counter China now and in the future.
That goes without saying but those trolls will never admit it or believe it. That's why @F-22Raptor has been very busy posting all the war tactics, weaponry, strategies how to beat China for so long. He believes in that stuff.
 

shanlung

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That goes without saying but those trolls will never admit it or believe it. That's why @F-22Raptor has been very busy posting all the war tactics, weaponry, strategies how to beat China for so long. He believes in that stuff.

The reality for @F-22Raptor To bear in mind. From a time where China was still climbing out from in stone age put there by colonial powers so that they could rip her apart and rape her at will.

WHO CRIED MAMA MAMA THEN?

AND NOW CHINA GOT BIGGER BANG AND REACH FURTHER AND GOT MORE OF THAT THAN MURICA EVEN DREAM OF HAVING



Do post up here the war game hold by Pentagon on Korean war when Dugout Doug with his battleships with 16 inch guns and artillery and Ma Dueces with unlimited ammo and cannon fodder provided by 5 Eyes and South Koreans against China with single shot bolt action rifles and limited ammo?

How soon Dougout Doug will be getting Muricans home by Christmas in 1950?



They all ran shitting in their pants and screaming MAMA MAMA south of Parallel in less than 3 weeks




Look on the front line at 24 Nov 1950 and the front line of 16 Dec 1950.


1618295939239.png





 

Viet

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The United States Senate has cleared an effort by legislators to set up USD 110 billion in technology funding for basic research as a measure to counter China amid strained ties and fierce competition between the two countries.

The Senate Committee on Commerce, Science, and Transportation voted to approve the Endless Frontier Act on Thursday, which would see billions of dollars poured into basic research - the advancement of scientific theories that underpin applied technologies - over five years, in areas that include artificial intelligence, semiconductors, quantum computing, advanced communications, biotechnology and advanced energy, reported South China Morning Post (SCMP).

While the bill still needs to be approved by the rest of the Senate and the House of Representatives, a consensus is emerging in the US that the country must do more planning to cope with China's strategic technological challenge.


China's 14th five-year plan from 2021 to 2025, calls for spending in the area to reach 8 per cent of total research and development expenditures.

"The Endless Frontier Act is trying to stimulate both US public and private entities in developing, enhancing, and accelerating new technologies and processes to move into the 21st century, and specifically, to compete with China," said Cameron Johnson, an adjunct faculty instructor at New York University.

"The challenge is China has made new technology advancement and integration a key part of industrial policy for almost a decade," he added.

According to SCMP, the Act marks a big shift for the US in its strategy towards technological research, said Zhou Zipeng, an analyst at a think tank.

"It's not officially a law yet, but the proposal is already a sign that the US is now taking China as its main rival," Zhou wrote in a note.

The push in spending comes amid the growing risk of technological decoupling between the world's two biggest economies and Beijing's ambitions to have an innovation-led economy.

China has previously failed to meet its previous five-year plan's spending target for scientific and technological innovation.

It has also fallen short in its goal to establish 700 key state labs by the end of 2020, which receive backing from governments, universities or corporations.

The main goal of the Endless Frontiers Act is to stimulate US public-private partnerships to advance research, commercialisation and education in key areas.

It also places restrictions on cooperation with China and urges development in areas of competition between the two world superpowers.

Under the former President Donald Trump's administration, ties between Washington and Beijing had deteriorated over issues such as human rights violations in Xinjiang, encroachment on the special status of Hong Kong, accusations of unfair trade practices by Beijing, lack of transparency concerning the pandemic and China's military aggression around the world.

https://www.business-standard.com/a...research-to-counter-china-121051500084_1.html
Good time ahead for US tech stocks
If Intel builds the next fab in VN then will be perfect.
$110 billion is just barely enough to buy everyone in the US defense industry a dozen of new toilet tissues.
Nonsense
It’s called investment accelerator.
$110b government money will generate multiple times of amount in real private investment.
 
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Irfan Baloch

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The United States Senate has cleared an effort by legislators to set up USD 110 billion in technology funding for basic research as a measure to counter China amid strained ties and fierce competition between the two countries.

The Senate Committee on Commerce, Science, and Transportation voted to approve the Endless Frontier Act on Thursday, which would see billions of dollars poured into basic research - the advancement of scientific theories that underpin applied technologies - over five years, in areas that include artificial intelligence, semiconductors, quantum computing, advanced communications, biotechnology and advanced energy, reported South China Morning Post (SCMP).

While the bill still needs to be approved by the rest of the Senate and the House of Representatives, a consensus is emerging in the US that the country must do more planning to cope with China's strategic technological challenge.


China's 14th five-year plan from 2021 to 2025, calls for spending in the area to reach 8 per cent of total research and development expenditures.

"The Endless Frontier Act is trying to stimulate both US public and private entities in developing, enhancing, and accelerating new technologies and processes to move into the 21st century, and specifically, to compete with China," said Cameron Johnson, an adjunct faculty instructor at New York University.

"The challenge is China has made new technology advancement and integration a key part of industrial policy for almost a decade," he added.

According to SCMP, the Act marks a big shift for the US in its strategy towards technological research, said Zhou Zipeng, an analyst at a think tank.

"It's not officially a law yet, but the proposal is already a sign that the US is now taking China as its main rival," Zhou wrote in a note.

The push in spending comes amid the growing risk of technological decoupling between the world's two biggest economies and Beijing's ambitions to have an innovation-led economy.

China has previously failed to meet its previous five-year plan's spending target for scientific and technological innovation.

It has also fallen short in its goal to establish 700 key state labs by the end of 2020, which receive backing from governments, universities or corporations.

The main goal of the Endless Frontiers Act is to stimulate US public-private partnerships to advance research, commercialisation and education in key areas.

It also places restrictions on cooperation with China and urges development in areas of competition between the two world superpowers.

Under the former President Donald Trump's administration, ties between Washington and Beijing had deteriorated over issues such as human rights violations in Xinjiang, encroachment on the special status of Hong Kong, accusations of unfair trade practices by Beijing, lack of transparency concerning the pandemic and China's military aggression around the world.

https://www.business-standard.com/a...research-to-counter-china-121051500084_1.html
outsource this to Indian call centre.
they will handle it well.
 

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