Chinese telecom industry logs a 9% jump in Jan-Feb

Chinese telecom industry logs a 9% jump in Jan-Feb

The combined industrial revenue of China's telecommunications sector rose 9% year-on-year to 258.6 billion yuan ($40.72 billion), a pace 3.2 percentage points faster than the same period last year, said the Ministry of Industry and Information Technology (MIIT).

According to official data from MIIT, the sector posted steady expansion in the first two months of the year, with emerging businesses such as big data and cloud computing logging rapid growth.

The Chinese official media Xinhua quoting the Ministry revealed that the emerging businesses, such as big data, cloud computing, internet data centres, and the Internet of Things, registered rapid expansion. The emerging business revenue of China's three telecom giants -- China Telecom, China Mobile, and China Unicom, surged 34.1% year on year to 50.8 billion yuan.

In breakdown, the revenue for cloud computing services soared 124.6% year on year, while that for big data and Internet of Things surged 58 percent and 21.9%, respectively, the report said.

"Steady progress was also made in the construction of 5G base stations. By the end of February, China's 5G base stations topped 1.5 million in number, with 81,000 built in the first two months of the year," noted the report.

Incidentally, China's telecommunications industry registered rapid growth in business revenue in 2021. The combined business revenue in the telecom sector rose 8% year on year to 1.47 trillion yuan (about 232.43 billion U.S. dollars) in 2021, with the growth rate up 4.1 percentage points from 2020, according to the Ministry of Industry and Information Technology.

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