That Chinese telecommunications companies are becoming more aggressive is certainly nothing new, but this case is a bit intriguing. China Telecom and Huawei have teamed up to build a new submarine cable between Australia and New Zealand, or more specifically Sydney and Auckland. The new cable will cost just under US$100M, and the physical work itself will start by the end of this year - they've been working hard behind the scenes for a while, the project is already rather well advanced.
I find it curious that this has nothing to do with bandwidth particularly near China itself, but rather a completely independent project. And it's not the only far flung project that the Chinese telecommunications sector is working on. There's also that huge Brazil-South Africa cable I wrote a bit about back in April, I wonder what else they're working on.