| The paper cites a few things > But now the number of cited AI papers by Chinese scientists is already at 89% of the American level Every article that wants to claim that China AI is on par with American AI claims this. But US has 10X the amount of AI scientists as China, which means Chinese AI scientists produces 10X amount of papers as American scientists. Quantity over quality, spurred by government cash rewards. Lots of noise, no bite. > China’s e-commerce sales are double America’s. Chinese firms are collectively 53% as big as America’s, measured by market value That's because China has 1.3B population, about 4X times more than America's 350B. However, it is projected that China will have peak population in this decade, and will be around 800M population sometimes in 2100. America has alot better demographics, vs China who has one of the oldest, and whose working population will contract by a few hundred millions by 2050 > Chinese non-tech firms are relatively primitive and only 26% as digitised as American ones. As for investment, Chinese tech’s absolute budget is only 30% as big as that of American tech. And it is still small abroad, with foreign sales of 18% of the total that American firms make. that's the gist of the article. China is nowhere near as big as America's tech currently. And China is on its way to the lost decade (that's why xijingping recently wanted the provinces to focus on things other than GDP, since the local governments are levered to the hill with debt) |
WOW! Population declines have hugely negative effects on economics like GDP. I don't know if that has been factored into their GDP estimates but that makes me extremely question their GDP growth.