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"By sharing resources, firms can lower costs in research and development, raw materials, logistics, equipment and labor," he added.

"China is expected to achieve relatively fast GDP growth of 6.8 or 6.9 percent in the first half of this year," said Pan Jiancheng, deputy head of the China Economic Monitoring & Analysis Bureau of Statistics, which is affiliated to the National Bureau of Statistics.

"By 2020, 50 percent of users from education sector and large enterprises will consider using VR/AR products, large screen whiteboard, tablet and smart wristband to improve working efficiency. The work, which includes space, culture and employees, supported by various smart devices and technologies will be mainstream in the future," Antonio Wang, associate vice president of IDC China said.

"China is leading the world in terms of e-commerce market size, growth, penetration and mobile business usage," said Alan Wong, SF Group's vice-president.

"By minimizing technical barriers in experiments, smart labs improve the efficiency of experiments and data integrity, further increasing the conversion efficiency of scientific research and achieving big data objectives. We foresee that the concept will be accepted and applied by most of labs in the future," Wong said.