To be fair, China’s energy innovations still have some way to go to catch up to the country’s aspirations.
While China has 37 working nuclear reactors, none have been built without expertise from abroad. The country also hasn’t produced an innovator with a profile similar to that of Tesla Inc., General Electric Co. or Vestas Wind Systems A/S.
The U.S. plans to keep its competitive edge “the same way we have historically,” Perry said in Tokyo. “It’s called innovation and technology.”