Kevin Kiley: “Thank you very much to my colleague from Florida. I appreciate you identifying this very important issue, the attempt of…”

“Thank you very much to my colleague from Florida. I appreciate you identifying this very important issue, the attempt of the Chinese Communist Party to gain influence at American universities in very concerning ways because it so clearly highlights the mentality and strategy of the CCP, that they understand where the battle lines are being drawn in the 21st century. The truly concerning thing is that increasingly, China is beating the United States at its own game, outpacing us and the rest of the world in key areas of technological advancements. Through their actions, the CCP has shown an understanding that the 21st century will belong to the most innovative Nation, the one that is able to harness the whole power of new technologies. China has known for decades that Nation was unquestionably the United States. But what we have seen over the last 2 decades is that China has dramatically ramped up its own investment in research and development, cutting into America's traditional dominance. From 2000 to 2019, China's share of global R&D quadrupled to nearly a quarter, while our share slid from 37 percent to just 27 percent. China has increased its R&D spending by nearly 16 times over the same period and plans to compound its R&D investments by an additional 7 percent annually. By contrast, Federal R&D investment in the United States has never surpassed .8 percent of GDP over the last decade. Of course, spending isn't the only metric that matters.…”