Quantum Matters: What World (Dis) Order Means For Quantum Technologies
The National People’s Congress (NPC) session in Beijing last month allocated an 8.3% increase year on year for Chinese technology spend. In the US, technology spending is due to increase by 6.1% in 2025 to $2.7 trillion, according to Forrester.
Before the upheaval brought about by the new US administration, forecasts from firms like Forrester’s were relied upon, while those from the NPC and any China institute were deemed untrustworthy, subject to government manipulation.
In April 2025, with the Trump government well ensconced and Elon Musk in charge of taking a “chainsaw” to government spending through the Department of Government Efficiency (DOGE), forecasting for the US is inevitably less accurate than for China.