Policy & Regulation

China¡¯s Communication Businesses Invested 373 Billion + in Fixed Assets, a 9.9% YoY Growth

Updated:2021/1/20 18:11

Peng Huagang, secretary-general and spokesperson of State-owned Assets Supervision and Administration Commission of the State Council reviewed the performance of the central enterprises in 2020 at the press conference yesterday.

According to Peng, the central businesses invested RMB 2.8 trillion in the fixed assets (excluding real estate investment), registering a year-on-year increase of 1.9%. Among the investments, a total of RMB 373.07 billion (9.9% up over the previous year) was invested to accelerate the 5G network construction, sharing and commercialization.

In the past year, in response to the national call, the central enterprises reduced the social operation costs by RMB 196.5 billion by lower the electricity prices, gas prices, communication charges, tolls and rental prices. The communication enterprises contributed RMB 46 billion to the reduction by lowering the communication charges while improving the communication services.

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