The Scale of China's 5G Communications Industry is Expected to Reach 503.6 Billion Yuan This Year

Updated:2020/12/2 21:31

China Center for Information Industry Development (CCID) recently released the "2020 White Paper on 5G Industry Development". The "White Paper" states that in 2019, China's 5G communications industry reached 225 billion yuan, a year-on-year increase of 133.2%. In 2020, the scale of China's 5G communications industry will reach 503.6 billion yuan, a year-on-year increase of 128%, achieving leapfrog development.

According to the "White Paper" forecast, by 2030, the number of 5G base stations in China will reach 15 million, the cumulative direct investment in 5G infrastructure will reach 4 trillion yuan, and the cumulative GDP driven by 5G infrastructure construction is expected to reach 1.7 trillion yuan. In view of the significant multiplier effect of 5G communications, it is estimated that by 2030, the overall GDP driven by the 5G industry will reach 5 trillion yuan, and will deeply empower the development of various fields such as manufacturing, transportation, and finance.

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