China’s scientific and technological innovation appears to have skyrocketed in the 21st century. Is it real or illusory? Does it rest on homegrown talent? Josh Lerner and Amit Seru sit down with Steven Davis to discuss their new study on the pace, character, and sources of China’s scientific and technological innovation. Drawing on millions of patents, Josh and Amit find that China’s innovation explosion is real, covers many critical technologies, and is based on home-grown talent. They also find that universities and small firms play greater roles in the innovation ecosystem in China than in the US. Josh, Amit, and Steve discuss the implications for US policy. Join our newsletter to get more commentary like this from leading experts on economic developments and their ramifications: https://www.hoover.org/podcasts/economics-applied?utm_source=youtube&utm_medium=description&utm_campaign=ea_youtube&utm_content=110282026 __________ 🔔 Subscribe for more discussions: @HooverInstitution 👍 Like and share this video! 🌐 Follow us on social media: • Facebook: https://www.facebook.com/HooverInstStanford • LinkedIn: https://www.linkedin.com/company/hoover-institution-at-stanford-university • Instagram: https://instagram.com/hooverinstitution • X: https://www.twitter.com/HooverInst The opinions expressed are those of the authors and do not necessarily reflect the opinions of the Hoover Institution or Stanford University. © 2026 by the Board of Trustees of Leland Stanford Junior University.