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American Tech Firms Are Winning the R&D Spending Race With China
Originally Published on wsj.com By Timothy W. Martin SEOUL—As the U.S. and China tussle over trade and technology, American companies maintain a major advantage over their Chinese rivals in a critical area: spending on research and development. U.S. firms, led by Amazon.com Inc. and Google parent Alphabet Inc., invested more than $5 in R&D for every $1 spent by Chinese companies, according...
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