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China's investment landscape is a bit funny (esp in quantum computing): - Companies here go through state-owned labs/universities to stand a chance of being big. - They are mostly funded by the state rather than private/global investors. Highest funded company is ~$150m unlike the US with $2.3b. - Alibaba and Baidu had to restructure their private quantum labs and equipments to govt-owned labs due to policy. - US investors aren't allowed to invest or sell some manufacturing equipments to them due to sanctions. - Yet the have the highest government allocated funds for quantum computing developments. The main goal here is for China not to have any major quantum advantage before the West, but who knows? This quantum sector is more of a business and geopolitical play than it is a technological advancement.

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