“Concerned about the potential military consequences of a surge of high tech innovation in China and other nations, the Pentagon is creating a program to track and analyze emerging technology research and patents,” USA Today reports.

“China has long been considered a threat to U.S. manufacturing because of its low wages and huge population, but now the nation is seeing a boom in innovation as well. Patents for new technologies in China have taken off, and a graph showing the rise in new patents looks like a ‘hockey stick,’ said Patrick Thomas, a principal and director of analytics for 1790 Analytics.”

Working Capital Review: How to create growth through disruption.