China will reach its goal of building 500,000 5G base stations this year with more than 480,000 5G Stations – or 96% of the annual target – already completed.
According to the Ministry of Industry and Information Technology (MIIT), there are 100 million devices now connected to 5G networks in mainland China and there were more than 60 million 5G users in the country.
With peak data rates up to 100 times faster than what current 4G networks provide, 5G has been hyped as “the connective tissue” for the Internet of Things (IoT), autonomous cars, smart cities and other new mobile applications, establishing the backbone for the industrial internet.
China is rushing to roll out the next-generation wireless network as it battles with the US for global dominance in cutting-edge technologies such as artificial intelligence, 5G mobile technology and IoT, all of which are considered necessary tools and abilities to compete in the global economy.
According to the China Academy of Information and Communication Technology (CAICT), a research institute under MIIT, 119 out of 197 new smartphone models released in China between January and June were 5G phones and accounted for 45% of the country’s total smartphone shipments during this time.