China: Mobile Phones Growth Slowing Down

The MIIT report said the telecom sector’s total revenue reached 679.79 billion yuan (US$99.5 billion) in the 10 months to October, up 8.1 percent from a year earlier. Total investment in the telecom sector reached 185.05 billion yuan in the first 10 months, up 9.9 percent year on year.

By the end of last month, China had more than 627.26 million handset users, the MIIT report said.

“The telecom industry continued to maintain sound development but growth was gradually slowing down,” said the report.

Source: Shanghai Daily