China soon will grab the lead in technology away from the United States, warns an analyst who cites the Asian nation’s progress in quantum communications, computers and artificial intelligence, documents a report in Joseph Farah’s G2 Bulletin.
The advisory comes from Martin Armstrong, who publishes the Armstrong Economics website.
His organization “offers unique perspective intended to educate the general public and organizations on the underlying trends within the global economic and political environment.”
He cites the cyclical patterns evident in history and “market behavior in timing, price and crisis to better understand and identify potential future trends.”
His new posting explains: “China is moving rapidly to advance and take the lead in technology from the United States and they will accomplish that in the years ahead. China is moving very fast on every front. China is moving faster on quantum communications and computing and they are embracing real Artificial Intelligence that is being ignored by the powers that be in the US government.”
He skewered U.S. regulators, “who have one policy – if the big boys do it it’s OK. They are Too Big to Fail, Too Big to Jail, but big enough to hire government employees.”