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Asia Unhedged — China’s quantum strides a new ‘Sputnik moment’ for US

Summary:
“The general feeling is that they’ll get there before us.” Xi Jinping said they were going to focus on innovating. The world will soon see whether "the Chinese" are only good at copying, as critics charge. This was said of Japan as the country recovered after WWII.And affordability is no problem. It doesn’t necessarily mean that their scientists are better,” McClatchy reported Martin Laforest, a physicist at University of Waterloo as saying. “It’s just that when they say, ‘We need a billion dollars to do this,’ bam, the money comes.” Out of thin air. Asia TimesChina’s quantum strides a new ‘Sputnik moment’ for US Asia Unhedged

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“The general feeling is that they’ll get there before us.”
Xi Jinping said they were going to focus on innovating. The world will soon see whether "the Chinese" are only good at copying, as critics charge.

This was said of Japan as the country recovered after WWII.

And affordability is no problem.

It doesn’t necessarily mean that their scientists are better,” McClatchy reported Martin Laforest, a physicist at University of Waterloo as saying. “It’s just that when they say, ‘We need a billion dollars to do this,’ bam, the money comes.”
Out of thin air.

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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