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5G to drive $930bn economic output in China by 2030

China's digitisation drive will be made easier with more investment into Internet sectors

IANS  |  Beijing 

5G to drive $930bn economic output in China by 2030

A telecom academy has predicted that in will drive 6.3 trillion yuan ($930 billion) of by 2030.

Beijing's Academy of Information and Communication Technology said on Tuesday that the new generation of mobile networks will help digital industries reshape the landscape of economic development.

China's digitisation drive will be made easier with more investment into Internet sectors, stimulating data consumption and improving national competitiveness, Xinhua news agency reported.

By 2030, will generate around 2.9 trillion yuan of economic value added and 8 million new jobs.

The world is in a "crucial period" of standards development for 5G and its application, the report said, calling for the government to help build Internet infrastructure and create a better business environment.

The world's largest 5G test field has been built in Huairou district in Beijing, with the participation of industry giants including Ericsson, and Nokia.

The country's major telecom operators plan to commercialise 5G mobile networks as early as 2020.

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