China is now one of the world leaders in newly registered nanotechnology firms, with more than 600 over the past three years, according to Helmut Kaiser Consultancy, which is conducting a study, “Nanotechnology in China State 2003 and Development 2006-2010-2015.”

China has the advantage of high flexibility, low labor costs, no barriers for new technologies, young and vibrant society, venture capital, underestimated currency (today about 40 percent to the US Dollar), low taxes, government support, and a home market with more than 1.5 billion people for applications, an announcement states.