The Chinese government announced that it would back 3 standards of next generation wireless. According the the New York Times, China's 600 million subscribers will now have faster downloads for data, video and web browsing. China said it would issue licenses for each of the three major standards, the home-grown TD-SCDMA standard, as well as two international 3G standards that are favored in the United States and Europe.
The cell phone operators will benefit greatly because their users will be able to download more information, faster in more places.
The Chinese telecommunications industry is not fully open to competition. This means that opening up the wireless spectrum at the government level really only can help China. Since they have the most users in the world, they really have a solid revenue stream for years to come.
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