The mobile phone subscribers in China soared to 592 million by the end of May/2008, nearly half of its 1.3 billion population. The number rose by 44.8 million in the first five months of this year as mobile operators cut phone rates to attract customers, the Xinhua News Agency said, citing the Ministry of Information Industry. It said the number of fixed-line accounts fell by 6.5 million to 358 million. The fixed-line users, however, dropped by 6.5 million to 358 million…