I saw some pro chinese youtube channels, they say that inside China there are no intelectual property as we understand it, they compete among each other. But... Its hard to believe in the influencers, both sides invest a lot in propaganda
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That is true about the propaganda.
However, China is likely going to surpass the US since we churn out lawyers and other degreed people while lagging on those with the science degrees. It is a major problem.