China to Dish Out Almost US$200 BILLION to Boost Internet Speeds – What’s It All About?

SCMP reports……

China will invest more than 1.2 trillion yuan (that’s a whopping US$193 billion) to boost internet speeds and coverage across the country as it looks to move towards an economy driven by services and innovation.

The announcement follows Premier Li Keqiang’s call last week to telecoms companies to ramp up internet speeds and cut charges. Li said China is the world’s biggest mobile phone market but its information infrastructure is backward, with internet speeds ranked below 80th in the world…..
More

In 6 words or less, China’s US$193 billion investment in the internet will….?

  • lead chat apps further into video?
  • make it world’s top OTT market?
  • help bring down the great firewall?

Leave a Comment.