China’s Telecom Sector Posts Stable Growth In Jan-Aug

By | September 24, 2022

The industrial revenues grew 8.2 percent over the past the previous year, to 1.07 trillion Yuan (about 153.3 billion U.S. dollars), according to the Ministry of Industry and Information Technology. The telecom sector in China, as well as emerging companies, including big data cloud computing, big data, internet information centers, and the Internet of Things, expanded quickly in the last few years. The total revenue of emerging companies of China’s three major telecom companies — China Telecom, China Mobile and China Unicom — surged 34.1 percent from year to year, to 207.5 billion dollars. In a breakdown of the telecom sector in China is a cloud-based business, and the revenues for cloud computing services increased by 130.3 percent over the course of a year and that related to big data as well as the Internet of Things surged 56.4 percent and 24.5 percent in the respective areas. Also, steady progress was made in the development bases for 5G. At September’s end the number of base stations located in China was over 2.1 million.

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