The investment of China in 5G technology is quite likely to exceed one trillion yuan (145 billion U.S. dollars) in the coming five years, taking the total economic output to over ten trillion yuan.
China is expected to invest 184 billion U.S. dollars on 5G by the year 2025, accounting for almost 49.73 percent of the operator of Asian mobiles’ 370 billion U.S. dollar investment in the 5G networks that have been building between the years 2018 and 2025.
Currently, China is testing 5G throughout all major cities as well as provinces ahead of their commercial launches in the coming year and it has been predicted that 28 percent of the mobile connections of the country shall be running on 5G networks by the year 2025, accounting for almost a third of all 5G connections worldwide by this point.
The telecom operators of China will expectedly invest over 220 billion yuan on 5G equipment as well as the expenses on 5G equipment by all the industries is predicted to surpass fifty-four billion yuan by the year 2020.
The President, Liu Duo, of the China Academy of Information and Communications Technology said that the information consumption that was being driven by 5G commercialization in their country would exceed 8 trillion yuan between the years 2020 to 2025, which would directly drive the total economic output to about 10.6 trillion yuan.
Chairman of China Mobile, yang Jie said that 5G technology features wide connection characteristics, high bandwidth, and low delay making it a key infrastructure for digital transformation of the economy as well as society.
Yang added that this deep integration of 5G technology along with the other technologies such as big data, cloud computing, and artificial intelligence would truly realize the interlinkages of everything.