Nanotechnology research is one of four Chinese "science Megaprojects" that have the central purpose of catching the country up to US research by 2020. Still, for all the big talk, the actual government investment is not overwhelming. The researchers estimated that the Chinese government only invested $400 million from 2002 to 2007, although that investment is expected to rise considerably.
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http://blog.wired.com/wiredscience/2008/02/the-chinese-gov.html
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