The United States should step up its investment in high-tech innovation, remain engaged in the global innovation economy and take a targeted approach to risks posed by China’s advancement in emerging technology areas, the Working Group on Science and Technology in U.S.-China Relations says in a new report. The group was organized by the University of California San Diego’s 21st Century China Center and has been preparing its report since last September. Peter Cowhey, the dean of UC San Diego...