China’s Trillion-Dollar Campaign Fuels a Tech Race With the U.S.

China has embarked on a new trillion-greenback marketing campaign to create upcoming-technology systems as it seeks to catapult the communist country ahead of the U.S. in crucial places.

Considering that the start out of the yr, municipal governments in Beijing, Shanghai and far more than a dozen other localities have pledged 6.61 trillion yuan ($935 billion) to the trigger, according to a Wall Street Journal tally. Chinese firms, urged on by authorities, are also placing up money.