MediaG3 (MDGC)

[tradernation]

Subscriber-for-subscriber, China caught up to the U.S. in broadband or high-speed Internet lines in August 2008. Plus, China continues to gain subscribers at twice the pace, says a report from Point Topic, "China Overtakes the USA to be World Broadband Number 1."

New broadband lines added in the U.S. fell from 3.4 million in the last quarter of 2007 to 1.1 million in Q2 2008. In the same period, new broadband lines rose from 3.5 million to 5.0 million in China during the same period.