AfterDawn: Tech news

China to spend over $180 billion to boost Internet speeds in coming years

Written by Andre Yoskowitz (Google+) @ 20 May 2015 21:39

China to spend over $180 billion to boost Internet speeds in coming years The Chinese State Council has said today that the government will invest $182 billion to boost Internet speeds in the world's most populous nation by 2017.
This year alone, the government will invest 430 billion yuan ($69.3 billion) on network construction.

Overall, the goal is to jumpstart development of fiber optic broadband and mobile 4G networks in a country that currently ranks 82nd in the world in average Internet speeds.

Chinese premier Li Keqiang says the Interner and technology are "vital catalysts" for the country's shift to a services-oriented economy.

Source:
Reuters

Tags: Internet China
Previous Next  
Comments have been disabled for this article.

News archive