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February 28th, 2008
China may be taking the lead in nanotechnology, but not without spending millions. That's the word from the Advancing Science Serving Society at its annual meeting in February. China designated nanotechnology as one of its "science megaprojects" for the next two decades (other big projects include weather monitoring from space, a research station devoted to agricultural safety - both due this year - and remote sensing of aircraft, set for 2010).
Researchers say there isn't much money going to nanotechnology in China: only $400 million over five years (2002 to 2007). They do expect that amount to increase soon. The Chinese government has announced a plan to bring the country's technology on par with the U.S. by 2020. China is even working with the U.S. already with at least one team-up in California.
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