According to the recent report from CNAS in China’s quantum effort (September 2018, p. 10), government spending on China’s flagship National Laboratory of Quantum Information Science in Hefei will amount to $15.76 billion over the next five years.
To date, USG spending on QIS over the next five years, counting the $1.25 billion authorized under the Quantum Alliance Initiative Act plus the $200 million USG normally spends through other programs, comes to $2.25 billion.
That means over the next five years the federal government will be spending $14.25 per second on QIS, whereas China’s government will be spending $99.49 or nearly $100 per second—or almost seven times the amount the US is spending.
Subtract the NQI Act money, which still has not been appropriated yet, and we’re looking at $6.34 per second, or fifteen times less than China is spending.
By comparison, the EU, which is slated to invest $550 million in QIS over the same five years, is looking at a s$3.48 per second spending rate.