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Heavy Industry

Telecom, IT investment to rise 10% next year
By STAFF EDITOR
Published: December 25, 2005 11:00 AM
Fixed-asset investment in telecommunications in China is projected to hit 208.3 billion yuan (US$25.7 billion) in 2006 and 287.04 billion yuan (US$35.4 billion) in 2007, International Finance News reports. Driven primarily by 3G and NGN expansion, the sector's rate of growth will pass 10%; 3G operators are scheduled to be licensed at the beginning of next year, with the first group of customers in place by the end of 2006. Investment in IT is also expected to increase after a slowdown in 2005, reaching 33.71 billion yuan (US$4.16 billion) next year, up 15.4% over 2005's 29.22 billion (US$3.61 billion). Link: http://www.zgjrw.com/News/20051226/Tech/341493585200.html
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