China to spend $182 billion to boost Internet by end of 2017

May 20, 2015 publisher account-showing, baidu, beijing, exportation, malaysia, san, state-council, year-on-network

China will spend more than $182 billion to boost Internet speeds by the end of 2017, a top government body said, as Beijing moves towards a more service-driven economy to boost growth. The State Council said the government will invest more than 430 billion yuan ($69.3 billion) this year on network construction, with at least another 700 billion yuan ($112.8 billion) spent over the following two years

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China to spend $182 billion to boost Internet by end of 2017