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5G to Drive $930bn Economic Output in China

China's digitisation drive will be made easier with more investment into Internet sectors, stimulating data consumption and improving national competitiveness

IANS

Updated:June 14, 2017, 6:16 PM IST
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5G to Drive $930bn Economic Output in China
(Image: AP)
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A telecom academy has predicted that 5G technology in China will drive 6.3 trillion yuan ($930 billion) of economic output by 2030.

Beijing's China Academy of Information and Communication Technology said on Tuesday that the new generation of mobile networks will help digital industries reshape the landscape of economic development.

China's digitisation drive will be made easier with more investment into Internet sectors, stimulating data consumption and improving national competitiveness, Xinhua news agency reported.

By 2030, 5G-related sectors will generate around 2.9 trillion yuan of economic value added and 8 million new jobs.

The world is in a "crucial period" of standards development for 5G and its application, the report said, calling for the government to help build Internet infrastructure and create a better business environment.

The world's largest 5G test field has been built in Huairou district in Beijing, with the participation of industry giants including Ericsson, Huawei and Nokia.

The country's major telecom operators plan to commercialise 5G mobile networks as early as 2020.




(Get detailed and live results of each and every seat in the Lok Sabha elections and state Assembly elections in Andhra Pradesh, Odisha, Arunachal Pradesh and Sikkim to know which candidate/party is leading or trailing and to know who has won and who has lost and by what margin. Our one-of-its-kind Election Analytics Centre lets you don a psephologist’s hat and turn into an election expert. Know interesting facts and trivia about the elections and see our informative graphics. Elections = News18)
| Edited by: Debashis Sarkar
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