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A central processing unit (CPU) semiconductor chip is displayed among flags of China and U.S., February 17, 2023.

REUTERS/Florence Lo

What We're Watching: US-China tech race, Ukraine-Russia confusion, Greek train politics, world's most populous "country"

Who's winning the US-China tech race?

China is now ahead of the US in 37 out of 44 types of advanced technology, according to a new report by the Australian Strategic Policy Institute. These include artificial intelligence, quantum computing, and robotics — all key to winning the race to dominate global tech. Beijing is finally reaping the benefits of decades and vast sums of money invested in scientific research, a priority for Xi Jinping. So, can China declare victory? Not so fast. The study points out that it’s not easy to turn cutting-edge research milestones into manufacturing prowess. In other words, the Chinese might have acquired the technology to make the most advanced quantum computers in the world, but the country still lacks the capacity to mass-produce them at the same quality standards as less powerful American-made models (this applies, for instance, to semiconductors). For now, at least, China is not yet eating America's tech lunch.

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Japanese electronics giant Hitachi displays a silicon wafer of quantum computer chips at its laboratory in Tokyo.

Yoshio Tsunoda/AFLO via REUTERS

Hard Numbers: China’s quantum leap, Russian cease-fire, North Korean drones, Argentine peso canvas

24: A group of 24 Chinese researchers claims to have cracked the code for the most common form of online encryption with the current generation of quantum computers. If true, this means that government secrets are up for grabs for whoever has the tech until more powerful quantum computing allows tougher encryption.

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