just received this is a newsletter from Interfax :
"The annual growth of China's investment in telecom infrastructure for 2009 will be higher than that of any other country, an industry analyst told Interfax on April 16.
"The combined amount Chinese telecom operators plan to invest in deploying telecom infrastructure will reach $6.64 billion in 2009, up 35.4 percent from $4.91 billion in 2008," Will Kong, an industry analyst with iSuppli, said.
Of the total, investment in GSM/GPRS/EDGE networks will reach $3.23 billion, while CDMA1X, WCDMA and TD-SCDMA networks will receive investments of $1.1 billion, $1.21 billion and $1.1 billion, respectively.
In contrast, overall global investment in telecom infrastructure is expected to decline by 3.5 percent year-on-year in 2009, according to iSuppli's prediction."
will be interesting to see which equipment vendors will benefit, mostly ZTE & Huawei I suspect, but there could be some contracts for NOK too