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s continued economic and technological rise,” because it is unstoppable. Beijing is closing the gap with the US in research and development (R&D) funding. Americans might not like the idea of being overtaken by China, but this “milestone” will most likely “be reached within the next decade.” In this regard “further attempts to stave off that outcome would be not only futile, but also very costly.” The author points out that China has “high savings rate ....