China allots $9.2b on key technology R&D

China will support eleven national research programs with at least 62.8 billion yuan in one and half year to achieve breakthroughs in key technology development.
China's telecom industry is now on a downward spiral despite the arrival of the long-anticipated 3G era, analysts said.
China Daily
China issues 3G licenses
Chinese Vice Premier Zhang Dejiang said the country should better promote its own technology standard for the third-generation (3G) high speed mobile communications.
China Mobile to spend 600m yuan on 3G phones