Home Add to Favorite Contact Submit  
           29 March, 2024


    
Category:  Press » Nanotechnology

 

Nanotechnology Key to China's Future Economic Success

Popularity:
         Views: 1338
2007-02-05 20:56:18     
Woodrow Wilson International Center for Scholars

"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."

Dr. Appelbaum made his remarks today at an event co-sponsored by the Project on Emerging Nanotechnologies, the Asia Program, the China Environment Forum, and the Program on Science, Technology, America and the Global Economy, at the Woodrow Wilson International Center for Scholars. The event, "Nanotechnology in China: Ambitions and Realities," focused on China's current and future capabilities to become one of the world's leading nanotechnology nations. The panel included Denis Fred Simon, an expert on Chinese science and technology policy and vice president of Academic Affairs at the State University of New York. It was moderated by Evan Michelson, research associate at the Wilson Center's Project on Emerging Nanotechnologies.

"Worldwide, nanotechnology has emerged as a critical area for science and technology competition-much like the race to be the first country to put a man on the moon. China and the U.S. are both big players in the nanotech race. Each faces a number of significant competitive challenges and collaborative opportunities, including the need for internationally coordinated risk research strategies and effective oversight mechanisms," said Michelson. "It would be unfortunate if government agencies in both countries squandered this unique opportunity to help direct nanotechnology at a relatively early stage along a responsible path. Both nations need to work together to help engender public confidence in the private and public sectors ability to handle possible nanotechnology risks and to increase the capacity of public institutions to deal with the long-term implications posed by this cutting-edge innovation."

Dr. Simon situated China's nanotechnology research and investment capacity within the context of the country's long-term science and technology strategy. "China recently released plans to radically increase its research and development capabilities over the next fifteen years. It will be a grand experiment to see if the country can become a global innovation center. Central to these prospects are a number of key frontier technologies -- including nanotechnology -- aimed at ensuring the country's long-term competitiveness as it faces various funding, management, and organizational obstacles."

A senior Department of Commerce official recently claimed that China is rapidly "gaining on" the United States in nanotechnology. This news comes on top of the latest Organization for Economic Co-operation and Development (OECD) forecast that China will have spent more on research and development (R&D) than Japan in 2006, making it the world's second highest investor in R&D after the United States.

Michelson concluded by noting that "China's current nanotechnology research, education and manufacturing investments are only the tip of the iceberg. Over the coming years, there is the real potential for China to rapidly advance in making new nanotech scientific discoveries that lead to commercializing new, innovative nano-based products that are produced by its burgeoning, highly skilled and relatively cheap workforce. Now is the time for the United States and others around the world to cooperate with the Chinese on risk research and work toward getting a suitable oversight system in place from the start to ensure a safe and level commercial playing field."

The Project on Emerging Nanotechnologies is an initiative launched by the Woodrow Wilson International Center for Scholars and The Pew Charitable Trusts in 2005. It is dedicated to helping business, government and the public anticipate and manage possible health and environmental implications of nanotechnology. For more information about the project, log on to http://www.nanotechproject.org.

Contact: Sharon McCarter
Phone: (202) 691-4016
sharon.mccarter@wilsoncenter.org

Specialized in: Nanotechnology Key - Economic Success
URL: http://www.wilsoncenter.org
Print press release      Bookmark this page
Related Press releases 
Bacteria Pervasively Contaminating Chinese Drywall Conclusively Identified (Popularity: ): RealTime Laboratories, LLC announced today significant new findings regarding pervasive bacterial presence unique to contaminated drywall. RealTime has identified specific bacteria found only in symptomatic drywall and not in normal domestic drywall that are viable, pervasive and produce hydrogen sulfide and reduced sulfur gases under conditions similar to those found in residences. Cultures developed by RealTime using symptomatic contaminated drywall demonstrated a bacterial mat formation, generated copious amounts of hydrogen ...
National Semiconductor Introduces Industry's Lowest Nanopower Op Amp (Popularity: ): A new nanopower operational amplifier (op amp) from National Semiconductor Corp. (NYSE: NSM) provides the industry's lowest power consumption at 552 nanowatts (nW), with guaranteed operation down to 1.6V. The PowerWise(R) LPV521 extends battery life in portable equipment and low power applications including wireless remote sensors, power-line monitoring, and micropower oxygen and gas sensors.The LPV521 features a supply voltage range from 1.6V to 5.5V with a maximum supply current of ...
IBM Fellow Stuart Parkin Wins IUPAP Magnetism Award and Neel Medal (Popularity: ): At the International Conference on Magnetism today in Karlsruhe, Germany, IBM (NYSE: IBM) Fellow Stuart Parkin received the International Union of Pure and Applied Physics Magnetism award and the Louis Neel Medal for his pioneering work and fundamental contributions to the development of spintronic nano-materials and nano-devices for magnetic sensing, memory and logic devices.The IUPAP Magnetism Award and Neel Medal are presented every three years to a scientist who has ...
Sumitomo Earns First Supplier Excellence Award From Texas Instruments (Popularity: ): Based on the excellent product quality and reliable on-time delivery of its photoresists and other lithographic chemicals, Sumitomo Chemical Co., Ltd. has earned a 2008 Supplier Excellence Award from Texas Instruments. This marks the first time that Sumitomo has received this award from TI.Sumitomo's g-line, i-line, KrF and ArF photoresists and other microlithography materials are distributed and supported in the U.S. market by its subsidiary Sumika Electronic Materials, Inc., based ...
Local Company Offers Micro-Businesses Fortune 500-Style Administrative Services in a Competitive Economy (Popularity: ): Tampa-based MyBackOffice (MBO), an Employer Service Company, has streamlined HR, benefits and payroll administration services to companies with one to five employees. With Health Plans rising in Florida, at a 33 percent increase in 2008 alone, MBO uniquely enables US small businesses and international companies operating in the US to offer their employees big business benefits at an affordable price.According to the US Census Bureau, at the end of 2006 ...


Related Business 
KEY Difference | Bringing Life to the Economy (Popularity: ): "KEY Difference is a phenomenon, not an entity. Our purpose is to serve companies by doing what we do best – helping them get more visibility so they can provide their services and products to more people who need them. Our success comes from the success of others – yes, even our competitors. If our competitors succeed, that means they are doing something right – and that creates an environment ...
Institute for Nanoscale Technology (Popularity: ): The Institute for Nanoscale Technology provides an exciting new research focus for the future of Nanotechnology research at UTS, building on existing capabilities and expertise. The Institute has two major research programs, applying Nanotechnology to the areas of Biomedical Nano-materials and Devices and to Energy Efficient Nano-materials and Devices.
Hebei Sinotools Trading Co., Ltd. (Popularity: ): We are a trading company in china exporting hand tools, such as hex key, hammers, pliers, garden hand tools, screwdrivers, etc. Supply carbon steel, cr-v t-handle hex key, ball hex key, extral long hex key, etc.
Center for Responsible Nanotechnology (Popularity: ): CRN investigates the societal implications, long-range risks, and effective use of nanotechnology, and educates those who will influence its use, or be affected by it.
China Tourist Guide (Popularity: ): China is the cultural treasure-house of East Asia; the Great Wall, the Terracotta Army and the Forbidden City are among the sights that place it among the world's greatest Travel Destinations. China is a very diverse place with large variations in culture, language, customs and economic levels.
Plausible Futures Newsletter (Popularity: ): News weblog on topics that include robotics, artificial intelligence, nanotechnology, biotechnology, and sciences that could dramatically affect the future of society.
nanoTEN (Popularity: ): Nanotechnology consulting firm. Services include nanotechnology matchmaking, assessment of trends, feasibility studies, materials and products analysis, and presentation assistance.
The ASME Nanotechnology Institute (Popularity: ): American Society of Mechanical Engineers: nanotechnology resources, events, programs, activities, online courses, webcasts, news and links.
Causes and Effects Of Economic Depression (Popularity: ): Analysis of economic depression, its cause and effects in US and the European countries. Learn if there will be an economic depression in near future. The basic point for people to gain a good status in life is to have four walls and a roof above their head. Residential construction and development loans are just a simple matter that they can incorporate within the plans of building a house, and ...
China Products (Popularity: ): Manufacturers group from China providing turn-key electronics contract manufacturing and OEM components as well as product sourcing.