China allocates $182B to improve broadband access

China’s State Council, the country’s cabinet, said the government will spend CNY1.13 trillion ($182 billion) over the next three years to improve broadband access and increase speeds as the nation pushes towards a more service-based economy to fuel growth. The …

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China pushes for 40% faster internet, opens to private investment

A month after China’s Premier Li Keqiang criticised the mobile internet for being expensive and slow, the State Council, the country’s cabinet, has called on telecoms operators to boost internet speeds by 40 per cent, expand broadband access in rural …

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China to set up $6.5B VC fund

China’s State Council plans to create a CNY40 billion ($6.52 billion) investment fund to support startups in emerging industries. The fund will include capital from the central government as well as major financial institutions and other private sources, state-run news …

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