China has around 66 million 5G users whose smartphones are connected to the Internet as of end-June 2020 according to the Ministry of Industry and Information Technology (MIIT).
By the end of June 2020, China had built 410,000 5G base stations with 257,000 being set up in the first half of this year according to the ministry.
China had 1.32 billion mobile internet users by the end of 2019, accounting for 32.17 percent of the world’s total, according to a report on China’s Internet Development.
The country’s e-commerce industry saw a transaction volume of 34.81 trillion yuan (about $4.97 trillion) last year, ranking first in the world. Online payment transactions amounted to 249.88 trillion yuan in China in 2019, and the added value of the digital economy stood at 35.8 trillion yuan, ranking second in the world.
Liu Duo, head, China Academy of Information and Communications Technology said, “Chinese telecom carriers will start building standalone 5G networks on a large scale in the second half of the year, which will promote industrial applications of the superfast wireless technology such as industrial internet and smart connected cars.”
China Mobile, the nation’s largest telecom operator, has already announced plans to help companies build dedicated 5G networks to accelerate digital transformation.
With new infrastructure and increased 5G adoption, China’s information and communications technology industry is expected to see improved growth during the second half of this year. The optimistic forecast for the sector comes on the heels of the sector’s relatively stable performance during the first half despite challenges from the COVID-19 pandemic and downward global economic pressure.
Xin Guobin, vice-minister of industry and information technology said, “Industrial output of information transmission, software and IT service industry grew by 14.5 percent on a yearly basis during the first six months of this year, up 1.3 percentage points from the first quarter.
“Online shopping, with e-commerce supported by livestreaming in particular, is gaining strong traction in the COVID-19 era. Online education and remote medical consultation are becoming increasingly popular, spurring fast growth of information-related consumption,” added Xin.
Cloud computing, big data, internet data centers and Internet of Things (IoT) saw robust growth in revenue during the first six months.
“China is capable of sustaining a relatively sound momentum in industrial development in the second half of this year, added Xin.