Recently, according to the Ministry of Industry and Information Technology’s announcement, China now is planning to accelerate the development of 5G, so, what are the contents in this announcement and what are the benefits of 5G?
Accelerate 5G Development, Especially Cover The Countryside
According to the newest data shown by top 3 telecom operators, until the end of February, 164000 5G base station have been established and more than 550000 5G base station are expected to be built before 2021. This year, China is devoted to implementing full and continuous 5G network cover of the outdoor areas in cities.
5G will not only completely change the mobile network that we currently use but also makes different walks of life to collaborate and provide services for each other, this will finally shape a much more huge 5G related product and service market.
Over 8 Trillion Yuan New-Types Consumption Is Expected
According to estimates from the China Academy of Information and Communications Technology, 5G in commercial use is expected to create more than 8 trillion yuan during 2020 – 2025.
The announcement also points out that new types consumption will be developed, including 5G+VR/AR, live shows, games, virtual shopping, etc.. Encourage telecom enterprises, radio and television media enterprises, and some other relevant enterprises to cooperate with each other to offer a variety of new 4K/8K, VR/AR products in education, media, game, etc.
When 5G comes, it will not only make people enjoy high speed, cheaper network but also enriches a huge amount of new type consumptions for people in e-commerce, government services, education, and entertainment, etc.
Over 300 Million Jobs Will Be Created
According to estimates from the China Academy of Information and Communications Technology, 5G is expected to directly create more than 3 million jobs by 2025.
5G development Conducive to driving employment and entrepreneurship, make society more stable. Including driving employment in industries such as scientific research and experimentation, production and construction, and operating services; creating new and integrated employment needs in many industrial fields such as industry and energy.
To make a long story short, 5G development makes people easier to work anytime and anywhere. It allows people to work at home and achieves flexible employment in the sharing economy.
