Business opportunities and development trends of emerging smart cities in China
Author | : by MIC Research Team |
Publisher | : [Market Intelligence & Consulting Institute] |
Total Pages | : 134 |
Release | : 2012-06-01 |
ISBN-10 | : |
ISBN-13 | : |
Rating | : 4/5 ( Downloads) |
Book excerpt:
Abstract
Due to the high population density in urban areas worldwide, China - with the world largest population - is facing the increased pressure with respect to resource management as well. In order to sustain its economic growth, China has begun seeking new opportunities and the smart city concept - boasting a potential market value worth trillions of RMB - seems to be an optimal solution to obtain more investment funds from international and Chinese ICT companies. This report profiles the definition of a smart city and provides insight into the government policies, current industry development strategies and new opportunities expected to create for cities undertaking the smart city initiative in China.