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Sunday, November 06, 2005

China's mobile growth dreams

There are quite a lot of mobile phones in China, or, to be exact, about 376 million at the end of September 2005 - equivalent 18.75% of global total. This is expected to grow to 380 million by end 2005, and to 600 million by 2010. Great potential for mobile phone handset makers.

"China has also seen fast income growth in the mobile telecommunications market, with annual revenue from market operation services reaching US$30.86 billion dollars, a year-on-year increase of more than 20 percent.

Mobile phone sales reached US$12 billion yuan, an increase of 30 percent over the previous year.

It is estimated that the mobile telecommunications market will contribute US$61 billion to China's total GDP for 2005, or eight percent to 10 percent of the national total."

(By Asia Business Consulting)