BMI View: The Chinese telecommunications industry is the biggest in the world in terms of existing size and growth potential in light of the country’s sizeable population. The 1.1bn mobile subscribers represent only a penetration rate of 80%, with a large proportion of consumers in rural regions still untapped. However, fulfilling the potential requires significant investment from the private and public sector, a capability that could weaken if the broader economy deteriorates. That said, we maintain our view that the prospects for H113 look relatively bright. Key Data: ? China’s 2G sector contracted by 12.0mn in Q113, although the impact …
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