A massive spending spree to roll out 5G mobile network - China’s latest business and technology news - SupChina
Free

We're a new type of news publication

China news you won't read elsewhere.

Weekly Newsletter

Get a roundup of the most important and interesting stories coming out of China.

Podcasts

Sinica, TechBuzz China, and our 6 other shows are the undisputed champs of China podcasts. Listen now.

Feature Articles

Interactive, web-based deep dives into the real China.

Premium

Join the thousands of executives, diplomats, and journalists that rely on SupChina for daily analysis of the full China story.

Daily Newsletter

All the news, every day. Premium analysis directly from our Editor-in-Chief Jeremy Goldkorn.

24/7 Slack Community

Have China-related questions and want answers? Our Slack community is a place to learn, network, and opine.

Free Live Events & More

Monthly live conference calls with leading experts, free entry to SupChina live events in cities around the world, and more.

"A jewel in the crown of China reporting. I go to it, look for it daily. Why? It adds so much insight into the real China. Essential news, culture, color. I find SupChina superior."
— Max Baucus, former U.S. Ambassador to China

Free

We're a new type of news publication

China news you won't read elsewhere.

Weekly Newsletter

Get a roundup of the most important and interesting stories coming out of China.

Podcasts

Sinica, TechBuzz China, and our 6 other shows are the undisputed champs of China podcasts. Listen now.

Feature Articles

Interactive, web-based deep dives into the real China.

OR… for more in-depth analysis and an online community of China-focused professionals:

Learn About Premium Access Now!
Learn More
Minimize
Learn More
Minimize

A massive spending spree to roll out 5G mobile network – China’s latest business and technology news


In December 2016, China Mobile announced it would begin testing a 5G (fifth-generation) mobile network in 2018 that would greatly speed up streaming and downloading to phones. The country currently has more than a billion mobile phone subscribers, around three-quarters of whom are on a 4G network. According to Caixin, a new report by the Ministry of Industry and Information Technology, China’s telecom regulator, says that the rollout of 5G will contribute nearly $1 trillion to the economy, create 8 million jobs, and result in a “massive spending spree”  that will “begin in earnest in 2020 when carriers and individual enterprises are expected to spend 274 billion yuan [$40.3 billion] before spending starts to recede in 2024.”

Caixin says that this spending “will directly benefit domestic manufacturers like Huawei and ZTE, as well as global giants like Ericsson and Cisco Systems,” but if China pioneers the global spread of 5G, it’s likely that Chinese companies will gain the most.


Share
Jeremy Goldkorn

Jeremy Goldkorn worked in China for 20 years as an editor and entrepreneur. He is editor-in-chief of SupChina, and co-founder of the Sinica Podcast.