The investment will be used to expand broadband internet services to remote and under-served parts of the country.
Targets for the investment - published in a government memo on Wednesday - included plans for more than 30 million households to have access to improved internet service, which covers 98% of the country’s villages and includes 50,000 villages.
China’s premier Li Keqiang has repeatedly called for China’s state-owned telecoms operators to improve their service and reliability.
The government has also pledged to improve internet speeds and expand mobile broadband coverage.
