Edit: funny that people here think that this is statement is somehow something that could be considered a contentious topic.
semiengineering has a startup section with investments for people that are more interested in facts than emotions:
That's very debatable. Maybe you are taking all the improvements China has made in construction, manufacturing and nuclear industry, and assigning them an 'innovation value' of zero. Maybe you are assigning non-zero innovation to exploiters of gig economy like Deliveroo.
I'm not.
> Maybe you are assigning non-zero innovation to exploiters of gig economy like Deliveroo.
Also no.
Many companies were hit by digital trade secret theft that was sent to China, so they are more than capable of bypassing the billions of R&D by getting access to the designs and going from there with government backing.
I wouldn’t be surprised to see Chinese semi industry highly focussed on silicon carbide for automotive power electronics, with EUV being a skunkworks project taking place in Europe.
Catching up is definitely a lot easier and yes it does take time, but it's not a given. They've been trying to catch up with jet engines for almost as long as the west or Russia have been working on them, certainly would have out-spent the Russians by a wide margin on the effort. So far unable to match western or even Russian designs. Although maybe in just the past few months they might have finally got something which is at least good enough, just spending a lot of money for a long time doesn't guarantee results.
China has singlehandedly (to the extent that a billion people can be considered a "single hand") dropped the cost of solar energy from five times as expensive as fossil fuels to half as expensive as fossil fuels in only ten years, an innovation that will probably stop global warming and usher in an unprecedented age of energy abundance starting about eight years from now. And it's not just solar; Chinese-designed nuclear reactors are also starting to be exported around the world. JLCPCB has automated custom circuit-board assembly to the point where you can get prototypes in your hands for US$10, two orders of magnitude cheaper than previously. When covid hit China, before PCR tests and antibody tests, they haled people caught with fever into walk-in fever clinics where they got chest-only CT scans, and by July they had developed a vaccine and were vaccinating people who had to travel abroad, five months before any vaccines were approved in most other countries, including the US, Germany, the UK, and Russia. And obviously every electronic device you own is mostly made in China unless it's an antique.
Can you imagine an Englishman in World War II saying, "It's also not clear that the US is particularly good at leading high tech innovation. If you just look at the pounds and shillings, they should be inventing new technology at a similar rate as the UK. Doesn't seem like they're pulling their weight."?
It is not westerners exploiting cheap labor, tho it may have started that way. It is really the scale of their talent pool, the number of engineers that graduate every year is nearly 10x what the US gets around to, and they idea that they just sit around waiting for an American company to design something for them is farcical.
Do you mean Sinovac CoronaVac, CanSino Convidecia, Minhai, the Chinese Academy of Medical Sciences vaccine, Medigen, Zifivax, or one of the three Sinopharm vaccines? Because actually China developed nine vaccines, not one.
One of them is in fact the one other countries clamor for most: https://en.wikipedia.org/wiki/CoronaVac says, "A real-world study of tens of millions of Chileans who received CoronaVac found it 66% effective against symptomatic COVID-19, 88% against hospitalization, 90% against ICU admissions, and 86% against deaths. ... As of July 2021, CoronaVac was the most widely used COVID-19 vaccine in the world, with 943 million doses delivered. As of 14 October 2021, CoronaVac is the COVID-19 vaccine with most doses administered worldwide." https://en.wikipedia.org/wiki/CoronaVac#Authorizations shows that it's approved almost everywhere in the world except the Five Eyes countries, Russia, and the EU.
But I was talking about CanSino Convidecia, the single-dose vaccine they wanted to give me here in the hospital until they heard I was probably going to need to travel to the US. https://en.wikipedia.org/wiki/Convidecia says, "In February 2021, global data from Phase III trials and 101 COVID cases showed that the vaccine had a 65.7% efficacy in preventing moderate symptoms of COVID-19, and 91% efficacy in preventing severe disease. ... According to the Chinese state media, the team registered an experimental COVID-19 vaccine for Phase I trial in China on 17 March 2020 to test its safety. The trial was conducted on 108 healthy adults aged 18 to 60 in two medical facilities in Wuhan, Hubei province. ... In April, Ad5-nCoV became the first COVID-19 vaccine candidate in the world to begin Phase II trials. ... On 25 June 2020, China approved the vaccine for limited use by the military."
https://en.wikipedia.org/wiki/History_of_COVID-19_vaccine_de... explains in more detail, "On 24 June 2020, China approved the CanSino vaccine for limited use in the military, and two inactivated virus vaccines for emergency use in high-risk occupations." It cites https://www.scmp.com/news/china/society/article/3103121/coro..., which explains that by September --- two months before any vaccines were approved in most other countries --- 350,000 people had already been vaccinated in China.
Convidecia isn't approved in nearly as many countries as CoronaVac and the Sinopharm BIBP vaccine, but the particular achievement I wanted to point out here was being able to get vaccines (three different vaccines) deployed to people who needed them in the field, six months after the pandemic was discovered and six months before any other country in the world. And, contrary to your claims, it turned out to be a lot more than 50% effective.
So, in this case as well as in many others, "It's also not clear that China is particularly good at leading high tech innovation. If you just look at the dollars and cents, they should be inventing new technology at a similar rate as the US. Doesn't seem like they're pulling their weight," is the opposite extreme from the truth, to an astounding degree.
EUV took decades and billions of dollars in trial and error before the current techniques were figured out. Due to the West's tendency to publish successful techniques, China won't have to repeat these steps.
As an example where this hasn't worked so well, COMAC's aircraft production has not been doing too hot.
Japan and Korea also have pretty big talent in related areas. I believe that Intellectual Property often wears shoes, but a lot of SW, methods, specs, etc can be appropriated more quickly.
All I can think of is dr. Evil saying "one MILLION dollars".
