China to Boost Broadband Speed, Access to Stimulate Economy

China will boost investments in building fiber optic and faster wireless networks to help stimulate consumption and drive economic growth, according to a statement on the central government’s website today. * Under the so-called Broadband China Strategic Plan, the country will ensure half of its households have broadband access by 2015 and 32.5% of cellular users will have access to 3G or other fast networks: statement * Current broadband speed will also be increased: statement * Plan to be implemented by investments through relevant departments and tax incentives: statement

To contact Bloomberg News staff for this story: William Bi in Beijing at wbi@bloomberg.net

To contact the editor responsible for this story: Nerys Avery at navery2@bloomberg.net

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