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To: kech who wrote (25469)	3/29/1999 7:46:00 AM
From: DaveMG	Read Replies (1) \| Respond to of 152472

China Gets Serious: biz.yahoo.com Monday March 29, 7:14 am Eastern Time FOCUS-China to back U.S. phone technology-Daley (adds background) By Matt Pottinger BEIJING, March 29 (Reuters) - Chinese Premier Zhu Rongji indicated on Monday Beijing would back a leading U.S. mobile phone technology, U.S. Commerce Secretary William Daley told reporters. Zhu ''did indicate the use of CDMA would be approved and is something he believes would be good for the telecommunications sector in China,'' Daley said, referring to the Code Division Multiple Access technology. A concession on CDMA, which could help China's bid to join the World Trade Organisation, could be worth billions of dollars to U.S. companies such as Motorola (NYSE:MOT - news) and Lucent Technologies (NYSE:LU - news). It would also be a boon for Sweden's Ericsson , which last week announced a deal to buy the infrastructure division of San Diego-based Qualcomm Inc (Nasdaq:QCOM - news) -- the company that developed CDMA. That would allow Ericsson to sell CDMA networks alongside its multi-billion dollar business selling incumbent GSM (Global System for Mobile Communications) networks in China. Zhu is set to visit the United States next week and many industry analysts had expected an announcement on CDMA after Chinese companies had expressed strong and sudden interest in buying CDMA networks. CDMA is now limited to trials in four cities while the rest of China operates on the European GSM standard. Zhu has backed CDMA as part of his efforts to spur competition in an industry dominated by state-owned China Telecom. Daley gave no further details on China's CDMA approval, but said Zhu had stated ''he is desirous of seeing additional telecommunications investment.'' Daley said was Zhu also was ''very positive'' in response to a U.S. businessman's queries on whether U.S. firms would be able to invest in telecoms services and export telecoms equipment to China. Analysts said last week China was offering to allow foreign companies to take up to 35 percent stakes in now off-limits telecommunications service businesses. But foreign telecommunications executives said China would have to open the sector further -- and fast -- in order to secure the industry's backing for the WTO bid. ----------