China’s telecom sector posts stable growth in Jan-Aug

China’s telecom sector logged steady expansion in the first eight months of this year,

China's telecom sector posts stable growth in Jan-Aug

The combined industrial revenue rose 8.2 percent year on year to 1.07 trillion yuan (about 153.3 billion U.S. dollars), according to the Ministry of Industry and Information Technology. China’s telecom sector, Emerging businesses, such as big data, cloud computing, internet data centers and the Internet of Things, expanded rapidly during the period. The total revenue from emerging businesses of China’s three telecom giants China Telecom, China Mobile and China Unicom — surged 34.1 percent year on year to 207.5 billion yuan. In breakdown, China’s telecom sector, the revenue for cloud computing services soared 130.3 percent year on year, while that for big data and the Internet of Things surged 56.4 percent and 24.5 percent, respectively. Steady progress was also made in the construction of 5G base stations. By the end of August, the number of 5G base stations in China had exceeded 2.1 million.

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