News & Updates

04/30/26

Thought Leadership

Council Insight: Two Charts, One Wake-Up Call

Consider these two data sets side by side.

The first, drawn from Organisation for Economic Co-operation and Development (OECD) data, shows China's R&D investment crossing above that of the United States as early as 2024 — several years before previous predictions, and the result of more than two decades of relentless acceleration. In 2000, China spent roughly$35 billion on R&D. By 2024, it had surpassed the United States entirely, an outcome of a deliberate, sustained national strategy, across multiple five-year plans.

The second chart shows the U.S. federal science budget across select agencies —NSF, NASA, NIST, and DOE Science — comparing what the Trump Administration requested in FY26, what Congress enacted, and what the White House has now proposed for FY27.

Read together, these charts tell a story that demands attention. At the precise moment China has crossed a threshold that was unthinkable a generation ago, the United States is debating whether to pull back from the federal investments that underpin the basic research in its overall innovation ecosystem.

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