China is a ‘fire-breathing dragon on government steroids’ whose tech will surpass Western firms in a decade, U.S. think tank says

(Credit: Adek Berry—AFP via Getty Images)

It’s time to reject the view that “China can’t innovate,” says a leading U.S. think tank, as Beijing tries to foster its own advanced technologies to get a strategic edge against Washington. 

A new report from the Information Technology and Innovation Foundation, a non-partisan Washington-based think-tank focused on tech, argues that China is already ahead of the U.S. in some industries, and rapidly catching up in sectors where it doesn’t have a lead.