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Is it a surprise China will surpass US in R&D spending by 2019?

The west’s response to the rise of China as an economic force in the 1990s and 2000s was patronising and complacent.

The assumption was that China might grab a good chunk of the world’s low-cost manufacturing while the clever stuff would be done in Europe, Japan and North America. We would get our cheap toys and mass-produced TVs from Guangdong, but advanced manufacturing, anything that required a bit of brain power, would stay at home.

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