5G said to create 3 million jobs by 2025
China's 5G network and related investment will hit 3.5 trillion yuan (US$504 billion) and create 3 million jobs by 2025 to become a catalyst and key part of the national economy, a researcher with China's top industry regulator said on Thursday.
Besides brick and mortar construction, technology and innovation investment will become a new kind of "basic infrastructure" in the digital world, according to the central government and the Ministry of Industry and Information Technology.
By 2025, direct investment in 5G network construction will hit 1.2 trillion yuan. The 5G network upgrade on industrial Internet spending will hit 500 billion yuan by 2025, as well as upgrade in other industries such as transportation, energy and agriculture, which will take total 5G-related investment to 3.5 trillion yuan by 2025, said the China Academy of Information and Communications Technology (CAICT) , a research organization under the ministry.
It will fuel smart and digitalized business transformation and boost economic development in a more innovation-driven way, said Wang Zhiqin, CAICT’s vice director.
China's 5G industry will directly create over 3 million jobs by 2025, with booming and new information consumption services valued at over 8.3 trillion yuan.The 5G-fueled services will include high-definition video and virtual reality services.
The 5G network offers users 20 to 50 times faster Internet access compared with current 4G networks, with much lower latency.
China Mobile, China Unicom and China Telecom are speeding up 5G network construction nationwide to offer better coverage. China Mobile plans to build 300,000 5G base stations nationwide to cover all cities in China this year.
In Shanghai, 5G services have been available since November. In February, China Mobile's Shanghai branch offered upgraded services in hospitals and online classrooms. For example, it has adopted a new device called EasyMacro 3.0 to offer smooth 4G and 5G signals in Punan Hospital in the Pudong New Area, a front in the COVID-19 fight.
Shanghai Mobile is testing new 5G services at a hospital in the Pudong New Area during the COVID-19 outbreak.
