China Set to Fund Domestic 3G Standard
The government is expected to invest 1.4 billion yuan (US$168.7 million) to aid the development of a homegrown standard for 3G mobile communications, according to industry insiders. Industry analysts say the new financing, along with a recent government decision to delay issuing 3G licenses to 2005, shows Beijing is determined to support a domestic standard rather than relying on foreign technology.