According to the plan, China targets to realize full broadband network coverage by 2020 with the penetration rate of fixed line and 3G/LTE networks reaching 70% and 85%, respectively. The speed of urban and rural broadband accesses will reach 50M and 12M respectively by 2020. China’s telecom carriers invested overall 370 billion yuan ($60.01 billion) in broadband construction in 2012, attracting an additional 130 billion yuan of investments from Internet enterprises. China’s broadband network reportedly slides one spot from five years ago to the 78th in 2011, lagging far behind the international level (source in Chinese). Lots of developed countries rolled out state broadband strategic plans after the financial crisis, noted Wu Hequan, academician of Chinese Academy of Science.