While other countries are reeling with the introduction of fifth-generation cellular networks (5G), China is making unimaginable money on the new standard.
According to the report According to the Chinese Academy of Information and Communication Technologies, the 5G industry will contribute 810 billion yuan ($124.15 billion) to the country's economy in 2020. This amount, for example, is comparable to the annual budgets of developed European countries.
Over 700 thousand 5G base stations have been launched in China in a little over a year. Such large-scale infrastructure projects, by the way, are the salvation of national economies in times of crisis. And the COVID-19 coronavirus pandemic is a crisis in its pure and unclouded form. The closure of borders and the restriction of the movement of goods can and should be compensated by serious national infrastructure projects, so the start of the deployment of 5G in China was more convenient than ever.
In addition, the introduction of 5G is a new level in the organization of industry, when automation, AI and logistics begin to play a crucial role in all areas of production. The transition to the rails of "Industry 4.0" in China has just begun, the Chinese do not deceive themselves, but in two or three years the country expects significant progress on this path.
