Chinese state telecom bosses emboldened by recent stock rally

Xi's digitalization push boosts sentiment, though still far below peak

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China Mobile shares have risen 34.6% in Hong Kong since the end of October to March 23. © Reuters

KENJI KAWASE, Nikkei Asia chief business news correspondent

HONG KONG -- The heads of China's three state telecom companies have voiced confidence in the outlook for the industry and called attention to their rising share prices as President Xi Jinping looks to quicken the shift to a digital economy.

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