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October 23, 2020

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5G sector grows rapidly

China had built more than 690,000 5G base stations nationwide by September, the industry regulator said .

It also has 160 million people using various applications such as ultra-high definition video, cloud-based games and virtual reality based on the 5G network, a technology already widely adopted in the medical, energy and smart driving sectors, the Ministry of Industry and Information Technology said during a conference.

In the first three quarters, China’s telecommunications industry’s revenue hit 1.02 trillion yuan (US$150 billion), jumping 18.6 percent year on year, said Huang Libin, a ministry spokesman.

Despite the challenges of the COVID-19 pandemic, China’s fixed-asset investment in the telecommunications industry rose 16.5 percent year on year in the first nine months, with more than a third of the total investment pouring into the 5G sector.




 

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