BIZCHINA / Biz Media Digest
IT Industry: Telecom investment growth slows
(Xinhua)
Updated: 2006-11-23 11:06
Investment in the telecom sector slowed in China in October, after rapid
growth in the first nine months, according to newly released statistics
from the Ministry of Information Industry (MII).
Chinese telecom operators invested 159 billion yuan (20 billion U.S.
dollars) in the telecom sector in October, up 13.9 percent over the same
month of last year.
Fixed assets investment reached 16.15 billion yuan, sharply down from
September's 23.61 billion yuan and less than the 17.2 billion yuan
investment in October last year.
According to MII statistics, fixed assets investment in the telecom
sector rose 17.7 percent year-on-year to 142.48 billion yuan in the first
nine months of the year, as against a 12.3 percent drop for the same
period last year.
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