The amount of resources that are being poured into these and other technology areas is far greater than those in the US. As for providing money, both venture capitalists and the government are providing virtually unlimited amounts to Chinese developers. As for providing people, the number of science, technology, engineering, and math (STEM) graduates that are coming out of college and pursuing tech careers in China is about eight times that in the US. The United States has an overall technology lead (though it is behind in some areas) and of course has some big hubs for new innovations,
...more