China to shut its mobile manufacturing plant in China
Samsung Electronics Co Ltd is planning to shut down its one of the mobile phone manufacturing plants in China as the sales are not up to the mark and the labor cost is rising, a report said on Monday. This year at Samsung Telecom Technology, it will stop its operations. But till now nothing is totally confirmed. In the last 5 years, Samsung had 20% of the Chinese market. At present, it is focusing on Vietnam and India.