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Why is the U.S. still ahead in aerospace and defense technologies, while China is rapidly catching up with state-backed innovation?
The U.S. remains ahead in aerospace and defense technologies due to a deeply entrenched ecosystem of private-sector innovation, a unique military-industrial complex, and a culture of high-risk, high-reward R&D. While China is rapidly catching up, its progress is largely a result of a state-led, top-down approach that leverages a massive industrial base and a "military-civil fusion"...
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