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China Briefings

Reports on China issued by Samsung Economic Research Institute

China Business Intelligence No. 156

China Business Intelligence No. 156

Samsung Economic Research Institute Beijing Office

Apr. 28, 2010

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Highlights:

I. Economy

China has recently seen a remarkable recovery in exports, increasing for four consecutive months and the export growth is bigger and faster in 2010. High-tech products were the driving force behind the export growth but traditional labor-intensive products have also showed rapid export growth. China' s exports are expected to maintain its upward trend in 2010 and the proportion of emerging markets will further increase. China' s export growth has provided some leeway in the government' s adjustment of its macroeconomic policy but outstanding issues such as the foreign exchange rate of the yuan and trade conflicts are also emerging. Yet, the negative effect from China' s fluctuating foreign exchange rate and trade friction in 2010 will be limited to the Chinese economy and industries.

II. Industry

In 2009, the CEO of Elec Tech said that the LED market is a blue ocean while other electronics markets are a red ocean. The LED industry has been growing rapidly around the world, especially in China. The increase in investment in China is attributable to the financial and policy support from the central and local governments, unique features of the Chinese LED industry, and ample liquidity in the Chinese capital market. Chinese LED companies need to be prepared against the possible risks that could arise with the development of the industry.

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