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China Briefings

Reports on China issued by Samsung Economic Research Institute

China Business Intelligence No. 164

China Business Intelligence No. 164

Samsung Economic Research Institute Beijing Office

July 7, 2010

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Highlights:

I. Economy

With the rapid growth of the new energy auto industry in China , local companies are ramping up their investment in lithium batteries. They are also striking partnerships with multinationals who aim to break into the Chinese electric vehicle (EV) market. While local Chinese companies have a competitive edge in production capability, industrial chains and government support, foreign counterparts are stronger in core parts, product segmentation and production processes. In the near future, developed nations ' auto lithium battery makers are likely to make inroads into the Chinese market through cooperation with local Chinese companies.

II. Industry

The internet of things is expected to initiate a new IT trend following the internet and mobile communications. The technology will be introduced to various fields for a variety of purposes and is predicted to create a huge market. The world has already recognized the potential. IT companies and national and local governments have announced their plans or established to develop the technology. Indeed, it presents benefits in wide range of areas, much broader than those of a digital home. However, issues such as technology problems, standardization, and lack of an effective business model pose challenges in commercialization. To solve the problems, the government and companies should cooperate with each other.

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