The economic rise of China has been accompanied by a rise in quality of its overall scientific institutes. In Q2 2018, the US National Science Foundation reported that the number of scientific publications from China outnumbered those from the US. And it is not only in quantity but also in quality, where Chinese innovation power is catching up relentlessly. 
Today the resources available to China’s top scientists are enviable to many of their western counterparts. Whereas once the best Chinese scientists would pack their bags for greener pastures abroad, today it’s common for Chinese postdoctoral researchers to get experience in a leading lab in the west and then head home where the Chinese government will help them set up a lab that will eclipse their western competitors.
Moreover, venture capital deals in China led global investment activity in Q2 2018 for the first time (KPMG).Chinese venture capital funds have so far performed better than their global peers, delivering a ROI (return on investment) of 1.72 times, compared to their U.S. peers’ 1.59 times, according to eFront, which analyses around 4,000 funds.