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INTERNET Plus, a concept highlighted in the government work report delivered by Premier Li Keqiang at the annual session of the National People’s Congress in Beijing in March, is pushing the boundaries of China’s traditional industries. Nowadays, enterprises across the country are embracing changes by incorporating advancements in the Internet and related technologies into their business models. In a series by Shanghai Daily, we explore how this concept is reshaping our world.
When China issued a new license to China Broadcasting Network, the move was hailed as a big deal. But much of the hype over the nation’s fourth telecommunications carrier may be premature.
The new carrier is supposed to break the long-term monopoly of the big three carriers, China Mobile, China Telecom and China Unicom, and usher in competitive prices and packaging of telecommunications services.
Consumers also expected new 4G numbers and services as well as big discounts.
These expectations put the cart before the horse.
With its new license, state-owned broadcaster China Broadcasting Network, known as CBN, is allowed to operate Internet access and telecommunications infrastructure services nationwide, through its China Cable Television Network Co subsidiary.
The Ministry of Industry and Information Technology said the new entrant would make the industry more market-oriented and boost technology integration between broadcasting and telecom industries.
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