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:…
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 to a new report from PricewaterhouseCoopers LLP, which logged the top 1,000 spenders among publicly traded companies.
