comscore China approves $22 billion for upgrading its Internet infrastructure
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China approves $22 billion for upgrading its Internet infrastructure

China has unveiled a 140 billion yuan ($22 billion) plan for upgrading its Internet infrastructure and the development of its logistics industry in rural areas, the media reported on Thursday. A me

  • Published: October 16, 2015 4:22 PM IST
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China has unveiled a 140 billion yuan ($22 billion) plan for upgrading its Internet infrastructure and the development of its logistics industry in rural areas, the media reported on Thursday. Also Read - How two of the richest men in the world are fighting over your internet connection

A meeting of the State Council presided over by Prime Minister Li Keqiang on Wednesday decided to allocate more central government funds to building Internet infrastructure and also advocated funding from local governments and social organisations, the China Daily reported. Also Read - Starlink told to get license before offering satellite-based internet services in India by govt

A circular issued after the meeting said the government plans to invest up to 140 billion yuan in the sector by 2020 to provide at least 50,000 villages with Internet access. By then, about 98 percent of the nation’s rural areas will be provided with Internet access. Also Read - Jeff Bezos, Elon Musk to enter India's broadband market with satellite internet services

The government also promised to improve internet speed and expand wireless broadband coverage in areas. Estimates of China’s rural population range from 600 million to 800 million. The meeting also pledged to expand e-commerce apps in rural areas, especially in promoting agricultural products and trips to the countryside. The government will also open up the delivery industry to social investors, encourage mergers and acquisitions and streamline customs procedures for cross-border deliveries.

ALSO READ: Google plans to make a comeback in China: Reports

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  • Published Date: October 16, 2015 4:22 PM IST



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