Contract mobile market feels the pinch with new State policy
By Shi Jing in Shanghai | China Daily | Updated: 2014-12-01 06:59
Loss of subsidies means sellers lose interest in long-term deals
The country's enthusiasm to build its fourth-generation network is yet to translate into any sustained growth in the number of once-popular contract phones being sold to customers.
Experts from market research consultancy GFK report that sales of 4G phones have been strong since March this year, with a 21 percent rise in sales between then and August to 7.13 million, representing a quarter of all new mobiles sold.
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