Beijing has put 26,000 5G base stations into operation, with users of 5G phones reaching about 800,000, the Beijing Municipal Communications Administration stated yesterday.
Within the last year, the Beijing municipal government has introduced policies to support the telecom industry, by slashing the cost of 5G infrastructure construction.
A report compiled by the China Academy of Information and Communications Technology, says that 5G use in China is expected to generate a direct gross output of 10.6 trillion yuan (about 1.51 trillion US dollars) from now until 2025, plus an indirect gross output of about 24.8 trillion yuan.
Corona virus epidemic
Earlier this month, Xinhua reported that a symposium attended by chairmen of the country's top mobile operators had said that China would “China will quicken the development of 5G technology to crank up the economic engine in the battle against the novel coronavirus outbreak.”
“5G technology plays an important role not only in epidemic control and work resumption, but in promoting investment, consumption and economic upgrading as well”, said Chen Zhaoxiong, vice minister of industry and information technology, via source Xinhua.
Chen went on to say that China's three major telecom operators said 80 percent of the country's 5G network construction was on schedule in the first two months, while more than 550,000 5G base stations were expected to be put into operation nationwide, by the end of this year.
5G infrastructure investment
China’s investment in 5G infrastructure is also set to soar in 2020. A report published by S&P Global (China) Ratings said that it was estimated to reach around 120 billion yuan (about 17.3 billion US dollars).