China to have 'faster and cheaper' internet by 2015

As per the latest update by Ministry of IT, China hopes to increase Internet speed by five times and cut broadband costs by 2015. As per the IT ministry by 2015 the average broadband bandwidth will hit 20 Mbps and 4 Mbps in urban areas and rural areas respectively. This is almost 5 times more than current level.

As per the report of Beijing-based Data Center of China Internet, at present the cost of one Mbps of bandwidth in China is around $13 which is four times the USA.

The average bandwidth in the USA is now 20 to 25 Mbps, which is five times that of China. At present, China's broadband bandwidth is ranked No.71 in the world.

By the end of November, China had 155 million family broadband users and 119 million 3G phone users.