China is one of the few countries in the world to have a well covered high-speed 5G network technology. Carriers in the region launched commercial 5G services only last year and the market is already showing huge progress in adoption. As per a series of reports published by GSMA, 5G networks will account for almost half of the country’s mobile network by 2025.
The 2020 China edition of ‘Mobile Economy’, a series of reports on the mobile industry by GSMA says that the country’s 5G adoption rate is on par with other leading regions such as Japan, South Korea, and the United States. It also forecasts half the country’s mobile networks will be 5G by the year 2025. Further, over $180 billion is estimated to be invested in mobile CAPEX over the next five years by the Chinese operators. Out of which, roughly 90% of the total investment will be on 5G networks.
According to Sihan Bo Chen, GSMA’s Head of Greater China, as a result of early 5G adoption, China has already built more than 160,000 5G base stations covering more than 50 cities. He also adds that unlocking the benefits of next-generation networks and flexible policies for spectrum as well as infrastructure are strategically important to aid China’s ongoing transmission into a fully-fledged digital economy. One of the reports also forecasts the mmWave 5G to contribute $104 billion to China’s GDP by 2034.
In case you are interested in reading all the detailed reports published by GSMA under the ‘Mobile Economy’ series, then access them from the source link provided below.
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