Beijing June 13 (IANS) A telecom academy has predicted that 5G technology in China will drive 6.3 trillion yuan ($930 billion) of economic output by 2030.
Beijing s China 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 5G-related sectors 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 Huawei and Nokia.
The country s major telecom operators plan to commercialise 5G mobile networks as early as 2020.
--IANS
soni/mr
5G to drive $930bn economic output in China
