https://www.idquantique.com/chinas-growing-investment-in-quantum-computing/ 29th April 2018
The United States and Europe are not alone in their quest for quantum supremacy. China has joined the race and is investing heavily in both patents and research.
The rivalry between two economic powerhouses – the US and China – has played a significant part in shaping the global economy over the past 10 years. While competition has traditionally been based around the manufacturing of goods and the protectionism that goes with this, over recent years it has expanded to the research and development of technology. Today, both Chinese technology companies and the state itself are starting to take on Washington and their Silicon Valley rivals.
A report by Bloomberg highlights one area of innovation that China is particularly focused on: The development of quantum computers. While China’s overall spend on quantum computing is unknown,
the government is investing $10 billion in building the world’s largest quantum research facility in Hefei.
Alongside this, the number of Chinese patents and applications filed in relation to quantum computers has rapidly increased since 2014.
The US itself is dedicating significant resources to the field, funding quantum research to the tune of $200 million per year and noticeably increasing its own patent and application portfolio over the past four years. While some critics argue that these levels of investment aren’t enough, the National Science and Technology Council confirmed the US’ commitment in this area, stating in 2016 that quantum computing is “considered a priority for federal coordination and investment”.
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