Caixin Global – Latest China News & Headlines

Home >


CX Live is Caixin Global's real-time news portal, featuring 24-hour breaking news, short-form analysis, and roundups from business and social media in China.

Casino Giant Galaxy Entertainment’s H1 Profit Drops 7% as High-Rollers Stay Away
Chinese App-Makers Smell Opportunities in Strict Trash-Sorting Rules
Tencent Posts 35% Profit Rise on Reviving Game Releases
Cathay Pacific CEO Hogg Resigns Amid Hong Kong Protests
Ninebot’s New Scooter Can Drive Itself Back to Charging Stations
Oppo to Unveil New Smartphone With 20x Zoom
Chinese Companies Usher in Age of Synthetic Meat
Record-Smashing Chinese Animation to Get Overseas Releases
WTO to Arbitrate China’s Complaints About U.S. Solar-Cell Tariffs
Vipshop Stock Soars After Q2 Results Beat Expectations
Japan Replaces China as Largest Holder of U.S. Government Debt
Huawei’s First 5G Commercial Phone Gets Warm Response Despite Limited Networks
AI Startup Plans IPO at Value of at Least $1 Billion — in China
Alibaba Q2 Revenue Jumps 42%, Beating Estimates But Slower Than Year Earlier
Baidu’s $66 Billion Dive Knocks It Out of China’s Internet Top 5
Beijing Grants Foreign Investors Wider Access to Entertainment Industry
Tencent-Backed Maoyan Turns Profit on Strong Ad Growth
Chinese App-Makers Smell Opportunities in Strict Trash-Sorting Rules
Casino Giant Galaxy Entertainment’s H1 Profit Drops 7% as High-Rollers Stay Away
Chinese Internet Sector Grows 17.9% Year-on-Year: MIIT
Xiaomi Receives Licenses for Second 5G Phone
Coal Industry Looks to Robots for Increased Safety
No Investor Love for Tencent, Lenovo and Luckin in Latest Reports
China Will Expand 5G Network to Rural Areas Despite Cost Concerns

By Isabelle Li and Qin Min / Jul 24, 2019 04:42 AM / Business & Tech

Photo: VCG

Photo: VCG

China’s planning for the next-generation 5G wireless technology will first be carried out in bigger cities and key regions this year, but in the next phase rural areas will also become a focus, said Wen Ku, head of information and communication development at the Ministry of Industry and Information Technology (MIIT).

Wen made his remarks Tuesday at a press briefing regarding the country’s progress in telecommunications in the first half of 2019. Rural areas have always been included in the priorities of the ministry’s developmental plans, Wen said. The country has been developing 4G networks across the countryside. By the end of this year, more than 98% of 550,000 villages in China will be covered by 4G, Wen said.

Industry experts, however, expressed concerns on costs. As profit slumps for major telecom operators, industry insiders say they are confused where they will get funding to build costly 5G networks.

“Building 5G networks in rural areas will cost heavily,” one telecom industry expert told Caixin. “Where will the money come from?” 

Spurred by international competition, China raced early into 5G by issuing commercial 5G licenses ahead of original plans in early June. But the new-generation telecom technology will cost significantly more than 4G networks. According to Nomura Securities, the costs for 5G from 2019 to 2025 will reach around 1.2 trillion yuan, 8% higher than yearly outlays in the 4G era.

Related: In Depth: China Races Early Into the 5G Era

Contact reporter Isabelle Li (

Share this article
Open WeChat and scan the QR code
Copyright © 2019 Caixin Global Limited. All Rights Reserved.