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However, this is only a 41.5% penetration of the enormous population of 13 billion, and signals immense opportunity.
Following the rapid growth of China’s per capita income, increasingly more people are finding mobile services affordable, whether they are from rural or urban communities. It is estimated that the mobile service market in China may see an exuberant annual growth of at least 10% to 12%, which will surpass its growth rate for Gross Domestic Product (GDP).
Telecommunications has been identified as a strategic industry and is protected by Central Government policy. Despite the ample opportunity for business, the PRC government only allows several state-owned enterprises to operate and, therefore, only a limited degree of competition is possible...
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