Home · Weather · Forum · Learning Chinese · Jobs · Shopping
Search This Site
China | International | Business | Government | Environment | Olympics/Sports | Travel/Living in China | Culture/Entertainment | Books & Magazines | Health
Home / Business / Technology & Telecom Tools: Save | Print | E-mail | Most Read | Comment
China to Restructure Telecommunications Industry
Adjust font size:

China's supervisor of state-owned assets has planned to launch restructuring of the telecommunications sector in the fourth quarter of this year and finish the reform in March 2008, the latest issue of Caijing Magazine reported.


Caijing, one of China's most influential financial publications, said the State-owned Assets Supervision and Administration Commission (SASAC), which has been mulling over the reform since 2004, has formulated a restructuring plan, but it is not finalized yet and needs approval from higher levels.


Currently China has four major players in the telecommunications sector, namely China Mobile, China Unicom, China Telecommunications and China Netcom. The sharp differences among their operational results have fused the restructuring.


According to their half-year reports, China Mobile recorded a net profit of 37.9 billion yuan (US$4.99 billion); while that of China Unicom, 5.65 billion yuan; China Telecommunications,13.48 billion yuan; and China Netcom, 6.713 billion yuan.


A telecommunications expert said that the SASAC has hoped that the major operators can solve the restructuring problems through talks among themselves, but it did not go very well.


"Directed by the government while handling in line with market rules will be the main pattern of the restructuring," he said.


Chen Jinqiao, deputy chief engineer of the Telecommunications Research Institute under the Ministry of Information Industry, said the major target of the upcoming restructuring is to "realize a harmonized development of the telecommunications market," after which the competitors will narrow their differences in asset scales.


Whichever way the restructuring goes, the report says, the key influence on the development of the industry is still monopolizing the position of State-owned capital, for private and foreign capital, entering China's domestic telecommunications operational market is still "a mission impossible".


(Xinhua News Agency September 4, 2007)

Tools: Save | Print | E-mail | Most Read

Username   Password   Anonymous
China Archives
Related >>
- Telecom Industry Restructure in a Tangle
- Emerging Markets Key to Telecom's Growth: Gartner
- Telecom Sector Rings in Changes
Most Viewed >>
-China set to hit the brakes on rising yuan
-Power to resume shortly in worst-hit area by snow
-Macao's gaming market expands further
-Online operators are on top of the game
-Insurance firms set to stump up billions

May 15-17, Shanghai Women's Forum Asia
Dec. 12-13 Beijing China-US Strategic Economic Dialogue
Nov. 27-28 Beijing China-EU Summit

- Output of Major Industrial Products
- Investment by Various Sectors
- Foreign Direct Investment by Country or Region
- National Price Index
- Value of Major Commodity Import
- Money Supply
- Exchange Rate and Foreign Exchange Reserve
- What does the China-Pakistan Free Trade Agreement cover?
- How to Set up a Foreign Capital Enterprise in China?
- How Does the VAT Works in China?
- How Much RMB or Foreign Currency Can Be Physically Carried Out of or Into China?
- What Is the Electrical Fitting in China?
SiteMap | About Us | RSS | Newsletter | Feedback

Copyright © All Rights Reserved E-mail: Tel: 86-10-88828000 京ICP证 040089号