Released on = February 12, 2007, 5:52 am

Press Release Author = Shushmul Maheshwari

Industry = Industrial

Press Release Summary = China is gearing itself to becoming a scientific superpower,
owing to the immense increase in its expenditure on research fields like
nanotechnology and the return of its scientists from abroad.

Press Release Body = Nanotechnology is gaining huge interest and investments in
China. In the next twenty years, nanoscience is anticipated to bring about radical
changes in nerve and tissue repair, pharmaceuticals, IT, catalysts, surface
coatings, pollution control and sensors.

A study by a principal British analyst reports that funding in global research in
2004 was around US$ 8.6 Billion and is still growing. The investments made in 2004
are already giving remarkable results. China is at third position (after US and
Japan) as far as the amount of nanoscience publications are concerned. Also, it
stands strongly at second slot in the sub-field nanomaterials.

However, experts cautioned that the inflexible institutional system of China could
obstruct its long-term progress. Fears of lack of transparency, problems of
regulatory enforcement, and need of big amounts of funding for scientists who are
under constant pressure to yield results are looming over China and can result in
ethical shortcuts. Critics argue that human rights are not sufficiently respected in
China, leading to skeptical research practices.

Also, the dominance of US and Europe in scientific innovations can’t be ignored now.
Funding of and investments into science and innovation projects in China is
increasing rapidly and is creating ripples in international community.

According to the RNCOS report, “The World Nanotechnology Market (2006)”, the
nanotechnology and products market in China was at US$ 5.4 Billion in 2005 and is
expected to chalk up to US$ 31.4 Billion by 2010 and US$ 144.9 Billion by 2015. The
sales in China are largely restricted to domestic market, but the escalating global
interest in nanotechnology development and with the advent of modern communication
facilities, this sector is going to churn out huge profits for the investors.

The market research report also addresses the following facts and issues:

- Global outlook of nanotechnology market
- Industry performance (industry expenditure, patent market and national policies
for nanotechnology)
- Product and application-wise analysis
- Country-wise evaluation of the market
- Growth factors
- Opportunities and challenges
- Recent developments in the industry
- Snapshots of the key players

The report gives extensive research and rational analysis on the world
nanotechnology market and helps clients in careful evaluation of prospects for the
success of the industry.

About RNCOS:

RNCOS, incorporated in the year 2002, is an industry research firm. It has a team of
industry experts who analyze data collected from credible sources. They provide
industry insights and analysis that helps corporations to take timely and accurate
business decision in today\'s globally competitive environment.

For more information visit: http://www.rncos.com/Report/IM060.htm
Current Industry News: http://www.rncos.com/blog


Web Site = http://www.rncos.com

Contact Details = RNCOS
Shushmul Maheshwari
Head of Business Development
29, 1st Floor, Patparganj Industrial Area, Delhi 92
91-11-4214-1229
info@rncos.com