China’s rapid economic transformation over the last 3 decades has been remarkable both in terms of its speed and scale. However, China is not known for its highly advanced technology manufacturing. “A lot of the entrepreneurial activities around the Asia-Pacific have been great market-needs kinds of things, where people haven’t had to develop a lot of advanced technologies to be successful,” says Dr. Richard Dasher of the US-Asia Technology Management Center at Stanford University.
However, this model is slowly shifting. Thanks to heavy investments in nanotech research, public-private partnerships and developments in nanotechnology, I will say within five to ten years China will compete in every part of the industry. China’s investment has already surpassed that of any other country after the US. Since 1999, China’s spending on research and development (R&D) has gone up by more than 20% each year.
Hardly surprisingly, there is a race to become the global leader in nanoscience and nanotechnology. China is rapidly moving to reposition itself away from low value adding economic activity, announcing its ambition to become a global leader in nanoscience and technology.
Rani Jarkas, the Chairman of Cedrus Investments.
Rani Jarkas is a highly experienced financial services executive, with over 20 years of international banking experience. Currently, Mr. Jarkas is the Chairman of Cedrus Investments, a global boutique investment firm. Cedrus’ domain expertise is in life sciences, natural resources, energy, cleantech and nanotechnology. – Rani Jarkas