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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 [...]

Nov. 26 (Bloomberg)—China’s central bank slashed its key lending rate by the most in 11 years, giving support to a 4 trillion yuan ($586 billion) spending plan aimed at sustaining growth in the world’s fourth-largest economy. More..