China is vastly outpacing the U.S. in planning for and investing in critical research, and it is producing more and more top minds in AI and quantum computing. By 2030, China will likely be the world's leading spender on research and development, per the report. Compare that to the U.S., where the share of government money spent on research has dwindled from 1.1% of GDP to 0.7%. Restoring that to historical levels is crucial, as about a third of patented American inventions in the last decade have leaned on federally funded research, the report notes. China is vastly outpacing the U.S. in planning for and investing in critical research, and it is producing more and more top minds in AI and quantum computing.