Comment by fidotron
China are certainly better at turning the results of research into products, whether that research was them or anyone else.
The canonical example here is 5G. Once again the US science establishment had the guy, he ends up doing the breakthroughs for polar coding, they failed to appreciate him, he left and ended up being funded by Huawei.
https://en.wikipedia.org/wiki/Erdal_Ar%C4%B1kan
The US science establishment isn't broken as an innovation engine because of Trump - it's because they're clearly rewarding the wrong things.
What isn't so clear is if Chinese science is creating Chinese startups. It may yet happen.
Eh, China is better at directing massive state level resources at incrementally improving technology. Nothing truly revolutionary has come out of China. The West is still ahead in that sort of stuff.