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September 20 – China will ratchet up regulating so-called variable interest entity that is a foreign capital-controlled Chinese company investing in the Internet sector, the Ministry of Commerce said. VIEs were established to get around rules that strictly limit foreign ownership in Chinese Internet companies.
September 15 – The number of cellphone billing service users in China is likely to reach 220 million and the industry's revenue is expected to grow 78.8% to ¥5.24 billion in 2011, according to Analysys International. The revenue is expected to surge to ¥23.51 billion by 2013.
September 8 – It will take China's telecommunications industry five years to transform from 3G TD-SCDMA to 4G TD-LTE, industry experts argue, citing a China Mobile (NYSE: CHL, HKG: 0941) internal meeting.
September 6 – Outdoor electronic ad revenue in China amounted to ¥1.89 billion in Q2 2011, up 20.4% quarter on quarter and 28.4% year on year, according to Analysys International.
September 6 – Revenue of China's software industry rose 30% year on year to ¥958.8 billion in the first seven months of this year, according to Gao Sumei, an official with the Ministry of Industry and Information Technology. Gao forecast the industry's revenue to grow 28% for the whole of 2011.
September 2 – China's online gaming revenue was ¥8.76 billion in Q2 2011, with the top three operators capturing a 63.7% market share, according to Analysys International.
August 30 – China's telecommunications revenue rose 10.1% year on year to ¥559.46 billion in the first seven months, including ¥400.05 billion from mobile services that was up 14.2% year on year, the Ministry of Industry and Information Technology said. The number of mobile service subscribers amounted to 929.84 million, including 87.2 million users of 3G services.
August 30 – The turnover of China's e-commerce transactions is expected to grow 20% annually in the next five years to ¥12 trillion by 2015, the Ministry of Commerce predicted.
August 25 – China's software industry generated ¥958.8 billion in revenues in the first seven months, up 29.6% from the same period a year ago, the Ministry of Industry and Information Technology said. The industry exported $15.46 billion worth of products during the same period, up 15.7% year on year.
August 25 – Fixed asset investment in China's electronics and IT industry surged 67.2% year on year to ¥480.7 billion in the first seven months, the Ministry of Industry and Information Technology said. The figures were based on investments worth ¥5 million or above per project.
$1 = ¥6.38
@2011 China Economy @ The China Perspective.
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