The 5G commercial license was officially issued, and China Mobile, China Unicom, China Telecom and China Radio and Television were approved by the Ministry of Industry and Information Technology to operate 5G communication services.

The official CCTV report said that 5G commercial is a “big cake”, and the total economic output directly driven by the company is as high as 10.6 trillion yuan. It is expected that more than 3 million jobs will be created directly by 2025.

For the first half of the year before the licensing is expected, Lu Tingjie, a professor at Beijing University of Posts and Telecommunications, believes that he is already qualified. From the supply, China Mobile, China Unicom and China Telecom have all done 5G experiments at the end of last year, basically meeting the expected goals, including performance indicators, equipment maturity, etc., especially China’s 5G equipment manufacturers in the industrial chain. More complete. For example, the 5G standard-required patents claimed by China accounted for more than 30%, and many foreign-funded enterprises have participated in the technology trial phase. As for the demand, the future 5G market has great potential, not only for the individual, but also for the vast application prospects of the industry. With the joint efforts of all parties in the industry, 5G technology and products are maturing.

CCTV financial commentator Liu Ge also said that the issuance of a 5G commercial license is equivalent to a “starting gun”. The 5G market application is a “long-distance running”. The future may be a process of accelerating. The industry believes that 5G will achieve “the message is free, the tentacles of all things.” and”. In fact, China Information and Communication Research Institute has pointed out in the “5G Industry Economic Contribution” report that in terms of direct economic and social contribution, it is estimated that the total economic output directly driven by China’s 5G commercial enterprises will reach 10.6 trillion yuan between 2020 and 2025. In terms of employment contribution, it is expected that more than 3 million jobs will be created directly by 2025.

Lu Tingjie pointed out that 5G has ultra-high speed, large connection, ultra-low latency and other characteristics, which will bring convenience to life, such as high-speed download, which is several times faster than 4G. After 5G commercialization, cloud computing, VR, and drones in its ecosystem will develop simultaneously, driving new applications and business models in various industries, and the new business is beyond imagination. The current global 5G is entering a critical period of commercial deployment, and China has established a competitive advantage in this regard.

Sign Up for Our Newsletters

Get notified of important news and special executive deals.

You May Also Like

Nomura analysts have a shocking warning. Seeing that Lehman’s stocks before the explosion are 40%

The Sino-US trade war is heating up, the global economic outlook is…

Iran warns: oil prices in the Persian Gulf will break through 100 dollars if it breaks military conflict

The relationship between the United States and Iran has continued to be…

1 month interest rate rose to 2.42286%, the highest in 11 years

The Hong Kong dollar index rose markedly, indicating that funds flowed into…