Nanotechnology key to China's future economic success

"China is betting that their growing investment in nanoscience will help them capture a large share of what shortly will become a $3 trillion global market in nanotech manufactured goods, and that breakthroughs in nanotechnology research and commercialization will confer economic superpower status on the country that attains first mover advantage in this cutting-edge technology," stated Richard P. Appelbaum, professor at the University of California at Santa Barbara. "The Chinese government clearly understands that enhanced nanotechnology research capacity and marketable innovation go hand-in-hand. Both are key to their strategy for future commercial success, economic competitiveness, and continued economic growth."