Telecom revenues expand in Jan-Feb

Emerging businesses and “new infrastructure” helped expand China’s telecommunication industry in the first two months of this year. Business revenues totaled 280.3 billion yuan ($40.8 billion), up nearly 8 percent year-on-year, according to official data. Emerging sectors like internet data centers, cloud computing and the internet of things saw their revenues rise around 26 percent year-on-year, enabling overall telecom business revenues to increase by 5 percentage points. The data also reveal the steady progress China has made in advancing new infrastructure construction. The country had 2.38 million 5G base stations by the end of February, 72,100 more than at the end of last year.