Wednesday, July 8, 2015

China to Order 30% Cut in Internet Access Prices

China’s Ministry of Industry and Information Technology (MIIT) Ministry of Industry and Information Technology (MIIT) has ordered the country’s biggest Internet service providers to  lower average prices of broadband and mobile Internet services by 30 percent by the end of 2015.

The move is aimed at providing a better environment for start-ups, according to MIIT spokesman Zhang Feng. "The Internet is becoming a basic supply for startups."

So lower Internet access service fees are required to boost the economy.

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