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Perspectives on International Trade and Finance - Assignment Example
Finance & Accounting
Pages 9 (2259 words)
Perspectives on International Trade and Finance Introduction China was amongst the few countries to possess one of the most primary telecommunication services in the world. The telecommunication market in China is known to have a large number of subscribers availing the services and this particular industry or market is also measured to be the ultimate revenue developer for the country…
Joining WTO posed a vital influence on the political as well as economic reforms of China which were learnt to be influencing the telecom sector as well. Xiaolingtong is a mobile network which was developed in the year 1999, before China joined WTO and was controlled by the Ministry of Information Industry (MII) which was considered to be the backbone of the fixed line service providers. Later on, significant developments were made with regard to Xiaolingtong which assisted in capturing a significant share in the foreign market. The government provided full support towards the development of Xiaolingtong but those developments were not regarded as vital in comparison to the mobile or cellular service providers. There were also few issues which existed in relation to the adoption or implementation of the 3G service in China’s telecommunication services which required the involvement of different services and technologies. Discussion Key Issues or Options or Alternatives There are few issues which are known to prevail or subsist in the telecommunication system of China and these issues are believed to be preventing the overall development of the system. The telecom market in China was characterized with arbitrary pricing as well as promotion policies. ...
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