China’s telecom operators continue rallying, China Mobile hit record high
China’s telecom operators continue rallying, China Mobile hit record high

China’s telecom operators continue rallying, China Mobile hit record high

China’s telecom operators continue rallying on Monday, with China Mobile surging as much as 7.6% in Shanghai to hit a new record high of 93.59.

China Telecom is gaining more than 3% and China Unicom up more than 2%.

Last week, the State Council released guidelines for the country’s digital development, aiming to step up construction of digital infrastructure. 

Building a “digital China” is an important engine for promoting Chinese-style modernization in the digital age, and it’s a strong support for building new advantages in global competition, according to guidelines released by the State Council.

By 2025, China’s digital infrastructure will be efficiently connected through a broad range of sectors, and China will become a global leader in digital innovations, it said. By 2035, the level of digital development in China will enter the forefront of the world, according to the guidelines.