This is CBS. I am the world. I'm John Bachelors. Artificial intelligence, cloud computing,

the crisper of the DNA search, all of those wonderful tools that are now featured in

Science Magazine, Nature Magazine, and in headlines around the world. What does that tell

us about the competition in the world by researchers and modelers and developers and scholars?

I welcome Arjun Romani, who is global business for the economist magazine, specializing in

technology, and he's going to now take me to what appears to be a contest between the

People's Republic of China and all the rest, described as the West, led by the US, but

their elements around the world from Taiwan to UK to India. So I welcome Arjun to comment

on what was then 2008, and what is now 2022. Arjun, congratulations on this revelation,

the two systems next to each other with some profound differences. First, where we started,

I learned from you then 2008, the PRC was putting in only a third as much of the West in

R&D. By 2020, that had come up to 85%, and it continues to climb. Is R&D or development or high-end

investigation? Is that now a priority in the People's Republic of China? Good evening too.

Well, thank you for having me, John, and it is. It's a key priority for China, and you can

actually see that in the Party Congress report that just came out in the last few days.

And if you just look in the report on it mentions science and technology as a national security

priority, and it's actually overtaken a lot of other prior considerations like economic reform

as a priority for the Chinese Communist Party, and you can see that if you read the report,

the number of mentions in science and technology has actually overtaken these other fields.

Fundigants, everything when it comes to science. You know this because so much time is spent on

making applications for funding for your lab or your researches, your better idea. So first,

we'll go to the PRC's model of funding. Yes, of course, it's government funds, but how so?

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