Business
        

Technology

China's telecom sector reports moderate earnings

Updated: 2011-01-27 10:15

(Xinhua)

Twitter Facebook Myspace Yahoo! Linkedin Mixx

BEIJING -- China's telecommunications service rose 20.5 percent year-on-year to 3.1 trillion yuan ($470.57 billion) in 2010 despite an overall price decrease of 11.7 percent, the Ministry of Industry and Information Technology (MIIT) said Wednesday.

Main business revenues surged 6.4 percent year-on-year to 898.8 billion yuan in 2010 while fixed assets investment fell 14.2 percent to 319.7 billion yuan, said the MIIT in an online statement.

Related readings:
China's telecom sector reports moderate earnings Revenues in China's telecom sector up 6.8% in first 9 months
China's telecom sector reports moderate earnings Convergence moves apace for broadcasters, telecoms
China's telecom sector reports moderate earnings Beijing Forum promotes communication on an equal footing between cultures

Further, telephone subscribers increased 8.71 percent from 2009 to 1.15 billion in 2010, with fixed phone users shrinking 6.17 percent to 294.38 million and mobile phone users jumping 14.96 percent to 859 million, it said.

Of every 100 people, 64.4 were using cell phones in 2010, compared with 56.3 users in 2009 as China's 3G phone subscribers almost tripled to hit 47.05 million, it noted.

By the end of 2010, optical cable transmission lines had increased 20.02 percent year-on-year to 9.95 million kilometers, with telephone and internet services covering all administrative villages. Also, remote villages in 19 provinces had access to telephones, the statement added.

E-paper

Online shops boom in China

Low investment, quick returns offer profit-making opportunities for struggling students.

Something 'fishy' about this trick
Banking on success
Branded outlets move in

European Edition

Specials

The green lantern

Environmental concerns are shedding new light on a colorful tradition

Inland interchange

Chongqing bets on its position as a hub for China's west.

Zooming in on Chinese skies

Helicopter companies ride on country's growing interest in luxury aviation.

Adventures of Pierre
Top 10 of 2010
China Daily in Europe