BEIJING (XINHUA) – China’s telecommunication industry logged steady growth in the first 11 months of 2023, driven by emerging businesses, official data showed.
The combined business revenue of firms in the sector totalled CNY1.55 trillion (about USD218 billion) in the January-November period, rising 6.9 per cent year on year, according to the Ministry of Industry and Information Technology.
During this period, emerging sectors such as big data, cloud computing, and the Internet of Things continued to post strong performances.
China’s three telecom giants – China Telecom, China Mobile and China Unicom – saw their revenue from emerging businesses jump 20.1 per cent year on year to CNY332.6 billion, driving up the telecom sector’s total revenue by 3.8 percentage points.
