TECHNOLIGENCE

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Nanotechnology

China sets up nanotech standards body
Tue June 21, 2005 11:11 AM GMT+05:30

BEIJING (Reuters) - China has created a body to draw up standards for nanotechnology, the latest move by the country to encourage development of the emerging industry that aims to create materials and devices on the molecular or atomic scale.

The National Nanotechnology Standardisation Committee was set up earlier this week and is headed by Bai Chunli, director of the National Centre for Nanoscience and Technology, state media said on Tuesday.

"The establishment of the committee will encourage the advancement of research, production and testing of nanotechnology ... (and) will guide the industrialisation of the technology," the Economic Daily said.

China, trying to place itself at the front of the nascent industry and help shape its future globally, has released seven nanotech standards since 2001, saying they were the world's first batch of national standards.

"Technological standards, as the basis of further development of the industry, is not only a technological problem, but rather a strategic problem," the newspaper said.

"Many countries are rushing to make their standards and are trying to make them international in order to lead the industry, which is of rising importance," it said.

A study released last week said that nanotech, which holds hope for new kinds of products, from pharmaceuticals to fabrics, is not being properly evaluated for human and environmental risks.

The study, by New York-based investment house Lux Research, said the nanotech industry could produce $8 trillion in cumulative manufacturing output up to 2014, and noted that companies including Lockheed Martin and Kraft Foods had spent $3.8 billion on nanotech research and development last year.

http://www.reuters.co.in/locales/c_newsArticle.jsp?type=technologyNews&localeKey=en_IN&storyID=8846103

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Edited by Moinudeen and Vineet
News-items compiled and contributed by Anuradha, Seema and Subodh.
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