telecom - Funding for 3G getting into place

The China Development Bank has provided China Putian, or Potevio, with a loan of 20 billion Renminbi (2 billion euro) to let them develop their TD-SCDMA business, China Tech News reports. TD-SCDMA is the Chinese standard for the third generation mobile phones.
Never ever has a domestic bank issued such a substantial loan, CTN says.
It is an additional show of support by the central government for the development of this Chinese standard.
The China Development Bank's target is to increase China's competitiveness in the world.