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"China could pursue more market-based economic reforms that would bolster confidence in the renminbi," said the department.

"But not all the de facto orphans have those issues," he said.

"CTT has grown rapidly over the last several years, and we're looking forward to being able to continue executing on our growth plan and sharpening our commercialization focus within the consumer electronics, automotive, and industrial markets," said Church.

"But there are fewer restrictions." It does seem fair that Crispr- Cas9, being largely a US-developed tool, should first be tried on humans in the US, but the hoops and red tape of the review process by the Food and Drug Administration (FDA) have delayed the most promising experiment - a team led by Dr Carl June at the University of Pennsylvania - for two years.

"China can do things that other countries simply cannot do. When external customers want innovative new products, they want people who can quickly do design, prototyping and can manufacture quickly in batches. The Chinese are very good in doing that. They are very entrepreneurial and what you have in China is a very dynamic process," he said.