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Politics : Idea Of The Day
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To: IQBAL LATIF who wrote (29633)11/10/1999 4:04:00 AM
From: IQBAL LATIF  Read Replies (1) of 50167
 
Important news for NOK MOT..ERICSSON..

Mr Zhou's comment tallies with an estimate in the official Beijing Daily newspaper which said that China's government had allocated Rmb1.4bn ($167m) in state funds for the development of mobile phone handsets this year. More would be available from now on, it added.

Mr Zhou's remark follows a government announcement that China planned to impose production quotas on foreign mobile phone manufacturers, including Motorola of the US, Ericsson of Sweden and Nokia of Finland, which control around 85 per cent of China's market.

The quotas will be allocated to foreign and local manufacturers after negotiation. Each company will then be entitled to as many government-issued seals of approval as their quota allows and each mobile phone sold will have to bear an official seal.

The approval last month of nine local companies to sell mobile phones has raised concerns that Beijing may try to create space for them by imposing quotas that cramp the expansion of foreign companies.

The number of mobile phone subscribers in China climbed by 12.3m to 37.6m in the first nine months of this year, Mr Zhou said. China is the second most important telecoms equipment market after the US for Nokia and Ericsson. Nokia's sales in China last year were $1.9bn, or 13.2 per cent of total sales, up 66 per cent from 1997.
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