China’s ambition to lead the world in the impending technological revolution is no secret. There is a general consensus in the ranks and files of the government as well as across the business landscape on investing heavily in futuristic technology. 5G is one of those areas that have been touted to drive the next phase of technological evolution. In the coming years, China is expected to seriously boost its investment activity in this area. According to reports, China will invest over a trillion Yuan in the futuristic technology within the next 6 years alone.
This will make up almost half of the total $370 billion in investments by Asian mobile operators into 5G technology over the same period.
Currently, China is rigorously testing 5G across its major cities, while it will be officially launched next year. By 2025, 28 percent of the mobile connections in China are expected to be running on 5G. This will make up one-third of the global 5G based connections by that point.
5G technology will have far-reaching positive impacts across a number of areas of the economy and society. 5G allows higher bandwidth, wider connection characteristics, and low delay time, which will play a crucial role in the digital transformation of the community as well as the economy. The boost in information consumption resulting from 5G commercialization will push the economic output beyond 10.6 trillion Yuan by 2025. As 5G technology comes to be integrated with technologies such as cloud computing, artificial intelligence, and big data, there will be immense transformative changes across a number of areas.
The telecom players across China will be making huge investments into the technology in the near future. It is expected that by 2020 alone, Chinese telecommunication companies will invest 220 billion Yuan on acquiring 5G equipment.
China Mobile is investing in the building of 50,000 5G base stations across the Chinese territory. These will enable the provision of 5G services across 50 cities by 2020. China Telecom has also been making its investments in the field and has confirmed commercial deployment of 5G by the end of this year across 40 cities. China Unicom has made its own leg of investments, setting up 5G bases across the country. Mobile manufacturers are not sitting idle either; they have been investing in creating newer 5G enabled handsets, and the first batch of 5G terminal devices has already been released.
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