Research and Development (R&D) is a major profit centre for the top universities in the US. Besides the nearly $100bn they earn in grants from the US government and private sources, university-based researchers create patents and inventions that generate many more billions annually.
China is the largest foreign source of scientists and researchers, and they are concentrated in the hard sciences and in engineering, where over 95% of R&D spending takes place.
But since 2018, Chinese scientists are increasingly deciding to return to China to set up new research departments. Of those who are still in the US, over 60% admit they are strongly considering moving, and over half now refuse to work on projects that involve funding by US government sources.
To American universities, the loss of these scientists, along with future contributions to scientific research and commercial applications and market value, is incalculable. Losses probably already exceed a trillion dollars, given the departures of so many top scientists in artificial intelligence (AI), big data, medicine, biochemistry, materials science, nanotechnology and quantum computing.
Produced by: Inside China Business
AGENDA RAKYAT - Lima perkara utama
- Tegakkan maruah serta kualiti kehidupan rakyat
- Galakkan pembangunan saksama, lestari serta tangani krisis alam sekitar
- Raikan kerencaman dan keterangkuman
- Selamatkan demokrasi dan angkatkan keluhuran undang-undang
- Lawan rasuah dan kronisme
That is how IT should be . Go back home and serve the country of your Birth. Let not be a brain Drain like in Malaysia.