China Miracle: China Mobile

Since I started using hand phone, I have been a customer of China Mobile (Symbol: CHL). Its service is not cheap though, especially when you make long distance call using your hand phone. But people never stop using its service.

Just 5 to 10 years ago, mobile phones are luxury goods for most Chinese, especially those people in the rural area. I have seen people who do not have a stable income but spend RMB100 (US$13.5) a month on calls and sms. All the hard earned money quietly goes to China Mobile bank account. No wonder the share price of China Mobile tripled in 2007!