ZTE, Huawei expect overseas business to rise 30%

By Jiang Wei and Xin Zhiming (chinadaily.com.cn)
Updated: 2009-03-10 11:47

The exports and overseas businesses of Chinese telecom manufacturers ZTE and Huawei are expected to rise by 30 percent year-on-year in 2009, Commerce Minister Chen Deming said.

This is attributed to the investment in telecom networks, which is included in the stimulus package of many countries, Chen said at a press conference Tuesday during the annual session of the National People's Congress.

China's investment in 3G totaled 100 billion yuan ($14.62 billion) in the past year while worldwide investment is greater, Chen said.