China Telecom, January 1st, 2004
Against the backdrop of a depressing global telecommunications market, China stands out as a rare bright spot. Its economy streamed ahead last year while the telecom sector showed double-digit growth. The respectable growth comes mainly as a result of the Chinese government's policies encouraging R & D in the high-tech sectors and its vast investment in communications technologies and infrastructure. This is further driven by the insatiable demand for anything high-tech from the country's 1.3 billion consumers.
China now has the world's largest fixed-line and mobile telephone subscribers, a...
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