Caixin Global – Latest China News & Headlines

Home >

Chinese Image Providers Shut Down for ‘Illegal’ Work With Foreign News
Shanghai Court Freezes Assets of Wanda Group Founder’s Son Wang Sicong
Xiaomi Budget Brand Redmi Releases Cheaper Than Expected 5G Smartphone
GitHub Looks to Open Subsidiary in China
5G Handsets Grow As Proportion Of China’s Sluggish Smartphone Market
China Executes Man Who Killed 3 Fearing Wife’s Forced Abortion Under One-Child Policy
Agriculture Insurance Companies Take A Hit From African Swine Fever
Tencent-Backed News App Denies Explosive Fraud Allegations From U.S. Due-Diligence Firm
Defying Sentiment, WeWork’s China Rival Files for New York IPO
Electric Car Maker Nio Cuts 141 Jobs at North American Headquarters
Huawei Wins Telefonica Deal to Help Build German 5G Network
China Unveils First 3D Images From Newest Earth Observation Satellite
Tesla to Raise Prices in China Again, Sources Say
Didi Considered Safest Ride-Hailing Platform Despite Murders, Survey Shows
Risks and Benefits of China’s Private Sector Bailout
Xiaomi Budget Brand Redmi Releases Cheaper Than Expected 5G Smartphone
Major Chinese Freight Line Sees Shipments Fall 8% Amid Slumping Coal Demand
Sales of Chinese-Made Excavators Slow Amid Cooling Infrastructure Investment
BAIC Slump Persists With Bleak November NEV Figures
Shanghai Court Freezes Assets of Wanda Group Founder’s Son Wang Sicong
ByteDance Eyes Another TikTok-Like Success With New Music App
Chinese Cellphone Maker Oppo Expands Smart Hardware Offerings
Velodyne Lidar Cuts Direct Sales Team in China

By Han Wei / Dec 20, 2018 12:54 AM / Business & Tech

Photo: VCG

Photo: VCG

As global telecom carriers race to embrace the fifth generation of mobile telecom services known as 5G, some experts urge patience for what’s seen as a pivotal development for a new industrial revolution.

Upgrading existing telecom networks with 5G kits will cost Chinese carriers 1.2 trillion yuan ($174 billion), or 1.5 times their investment in the 4G network, said Wei Leping, a telecom expert at the Ministry of Industry and Information Technology. Service providers may be unable to see any return from their investment for eight years, Wei said.

Countries around the world are gearing up for the next generation of super-speedy telecom technology. Several countries have scheduled pilot 5G programs for next year.

But Wei said a large-scale application of 5G and the systemic changes it will bring won’t come quickly because of the high infrastructure costs. The rollout of 5G is likely to be much slower than that of 4G, Wei said.

The main driver for adoption of 5G will be consumers looking for more streaming video and faster downloads on smartphones, he said. As profit growth from 4G services peaks and new income from 5G has yet to catch up, telecom companies will face slower growth next year, Wei said.

Related: In-Depth: Huawei’s Odyssey Heads Into Uncharted Waters

Share this article
Open WeChat and scan the QR code