ZTE is looking back to China to try and capture the burgeoning 4G market and has targeted smartphone users to drive at least $7.5 billion 4G network projects.
The company had been focused on overseas investments but changed its outlook due to the Chinese market offering substantial rewards.
"The China market is like a gold mine as telecom operators are cash-rich," David Dai Shu, a spokesman for ZTE, told Reuters.
"It is a top priority for us by country."
China’s three mobile operators are expected to spend $56 billion on network expansion during 2013 – which includes investment in 4G.
ZTE is likely to post its first-ever annual loss for 2012 but is thought to be in line for a bulk of the contracts which the Chinese government are set to hand out later this year.
China Mobile announced intentions to invest up to $30.6 billion in LTE after the government confirmed it will finally rollout 4G licences later this year.
