Chinese telecom operators have invested more than 400 billion yuan ($59.4 billion) into 5G so far, driving a cumulative economic output of about 8.56 trillion yuan, which highlights the robust role that new network infrastructure plays in buoying economic growth, experts said.
As China ratchets up resources to quicken the rollout of 5G, the wireless technology will further boost information consumption and the industrial upgrade, enabling the nation to better deal with both domestic and external challenges, they added.
Xiang Libin, vice-minister of science and technology, said after more than three years of development, industry-oriented 5G applications have leaped from zero to one and the commercial use of 5G has entered a virtuous circle.
Solid steps have been made in supporting 5G’s innovative development and industrial ecology, Xiang said at the 2022 World 5G Convention, which concluded in Harbin, Heilongjiang province, this week.
As China accelerates steps to build its 5G network, the wireless technology will inject new vitality into more sectors by helping them boost efficiency and reduce costs, which will fuel China’s high-quality economic development, Lyu said.
China has more than 1.85 million 5G base stations as of June, already the world’s largest network.
The number is expected to hit 3.64 million by the end of 2025, as the nation aims to have 26 5G base stations for every 10,000 people by then, according to a five-year plan unveiled earlier by the Ministry of Industry and Information Technology.