China claims 5G networks generated $ 125 billion in 2020

In 2020, the 5G network directly leads to an economic production value of 810.9 billion yuan (about 125 billion USD).

5G networks will play a leading role in China’s mobile economy in 2020. On April 19, China’s Ministry of Industry and Information Technology achieved its first achievements in the process of building the world’s largest 5G system. Target 600,000 5G base stations this year By the end of February, China had built a total of 792,000 5G base stations, with the number of mobile terminals connected to the network reaching 260 million. The ministry also estimated that 5G mobile phone shipments in China will account for 80% of total shipments in the second half of this year. China’s mobile network speed ranks fourth among 139 countries and regions, an official who is the Vice Minister of Industry and Information Technology of China said, accompanied by quoting data from a metrology organization. international. China aims to build more than 600,000 5G transmitters by 2021. The Ministry of Industry and Information Technology will shift its focus from “coverage and dissemination” of 5G networks to “improving speed and quality”. China also plans to build a “dual gigabit” network infrastructure that covers urban areas and towns where conditions are met for three years, and promotes the construction and deep coverage of the network. 5G on demand in an orderly manner, the ministry said. 5G creates enormous direct economic production value 5G network creates a driving force for many other industries and fields to develop together. According to the whitepaper on 5G development and the socio-economic impact of technology released by the China Academy of Information and Communication Technologies, the 5G industry created enormous direct economic value during the year. 2020. According to the Chinese white paper, by 2020, the 5G network directly leads to an economic production value of 810.9 billion yuan (about 125 billion USD). The white paper stated that the industry directly generated 189.7 billion yuan in economic value added (EVA) and indirectly generated 2.1 trillion yuan in total production value for the year. 2020. 5G also indirectly brought in about 760.6 billion yuan of EVA last year. “Of the more than 800 billion yuan, half is generated from mobile phone terminals, while about 200 billion yuan is invested in building the Internet,” said Duong Kiet, Owner Chinese telecom company China Mobile, said at a forum of the Uncle Ngao Asia Forum Annual Meeting. Meanwhile, Mr. Ho Hau Con, Vice Chairman of Hoa Vi Technology Corporation, China, said many of these industries have actively promoted 5G application, including healthcare and manufacturing.