To achieve nationwide fifth-generation mobile communications coverage, Chinese telecom service providers are prepared to spend nearly 300 billion Yuan (USD 43.6 billion) by 2020.

January 6, 2017

The 5G technology will bring much faster data speeds than those offered by the 4G standard, and this telecommunications protocol also will be the first developed with the internet of things in mind. Boasting over 800 million subscribers, China Mobile Communications will develop 5G-related technologies with more than 40 global companies.

With service subscribers exceeding 1.3 billion, China stands at the cutting edge of related services such as electronic funds settlement, as well as ride-hailing services. The creation of 5G networks likely will accelerate the development of new services, as it will enable wireless linking of various home appliances via the internet.