China to invest over $58bn in telecom sector this year
China will invest over CNY370 billion ($58.5 billion) in its
telecommunication sector this year, up over 10% from last year, state radio
reported Friday, citing an official with the Ministry of Industry and
"This year will see a fresh round of investment in our country's
telecommunications infrastructure," Vice Minister Shang Bing was cited as
Beijing is seeking to boost its slowing economic growth by expanding investment
in projects such as infrastructure construction.
Council, or cabinet, on Wednesday revealed fresh plans to spur economic growth,
including faster construction of existing large infrastructure projects.
Источник: Total Telecom
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