Among the notable areas of Chinese excellence is defense and space-related tech. These are the seven categories in which the U.S. leads China in the tracker:
High-performance computing
Advanced integrated circuit design and fabrication
Natural language processing (including speech and text recognition and analysis)
Quantum computing
Vaccines and medical countermeasures
Small satellites
Space launch systems
"Western democracies are losing the global technological competition, including the race for scientific and research breakthroughs, and the ability to retain global talent — crucial ingredients that underpin the development and control of the world's most important technologies, including those that don't yet exist," according to the report.