The number of Chinese mobile phone subscribers has risen by more than 55 million to 320 million in the first ten months of 2004, according to figures released yesterday by China’s Ministry of Information Industry (MII). This equates to a mobile penetration of 24.95%, up from 20.7% at the start of the year. The market for short messaging services (SMS) has also witnessed a sharp rise of 62% year-on-year, with more than 176.06 billion messages sent in the first ten months. Despite the mobile boom, China’s fixed line telecoms market has also experienced healthy growth, with the number of subscribers rising by 47.94 million to 310 million between January and October 2004, yielding a fixed line penetration rate of 24.5%. Revenues from the telecoms industry as a whole reached CNY431.68 billion (USD52.2 billion), up 13.3% on the same period of 2003.