China's 3G Network Provides Bright Spot Amid Global Slump
Tue, Mar 3rd, 2009
Recessions in many nations of the world may be depressing stock markets and other economic activity, but the build out of China's 3G (third generation mobile telecommunications) network is providing a boost to some chip makers.
China, which boasts more mobile phone users than anywhere, made building out its 3G network a priority alongside the massive 4 trillion Chinese yuan (US$585 billion) economic stimulus package the government announced last year. One company, China Mobile, built 3G networks in several cities across China last year ahead of the Olympic Games, and has continued rolling out its network.
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