BEIJING, March 7 (Xinhua) -- Commercial 5G use is expected to bring about 8.2 trillion yuan information products and services consumption during 2020 and 2025, reported the Xinhua-run Economic Information Daily citing experts Wednesday.
As 5G significantly boosted upgrading of the entire industry chain of information sector, there would be huge space for stimulating information consumption, the newspaper quoted Zhang Chunfei, an expert with China Academy of Information and Communications Technology (CAICT), a research institute directly under China's industry and IT regulator – Ministry of Industry and Information Technology (MIIT), as saying.
For one thing, commercial use of 5G technology is likely to bring in upgrading of mobile terminals thus force cell phone producers to produce more advanced and diversified products. What's more, faster wire speed and better mobile terminals will help motivate Internet and software companies to develop more welcomed applications and drive up information service consumption.
As a matter of fact, upgrading of 5G terminals has commenced. Taking mobile terminals as an example, 5G smart phones made by Huawei, Oppo and Xiaomi made their eye-catching debut on the Mobile World Congress (MWC) 2019 held in end February.
According to a report from Counterpoint Research, a market survey firm, 5G smart phone shipment may hike 255 percent over 2020 to approach 110 million ones in 2021.
Generally, upgrading of 5G terminal products such as smart phones and wearable devices may bring about 4.3 trillion yuan of information consumption between 2020 and 2025, predicted Zhang.
Apart from these, China also cranked up efforts to encourage 5G-related information consumption. In end January, ten Chinese regulators drafted a plan on optimizing supply and boosting stable consumption growth, in which accelerating launch of 5G license to enlarge information consumption was outlined.
Since 2019, Chinese local governments including Jiangxi, Henan, Beijing, Shenzhen, Chengdu, and Chongqing also promulgated plans supporting commercial 5G use to unlock market potential.
This year, the entire 5G industry chain develops at a faster pace, but it will take a certain period for 5G networks to be built, 5G products to mature, and users' experience to be improved, held Feng Xiaohui, an expert of China Center for Information Industry Development (CCID), a scientific research entity under MIIT.
In next step, breakthroughs in commercial use of 5G smart terminals such as wearable devices, virtual reality, augmented reality, and intelligent service robotics need policy supports so as to enrich supplies of relevant products, noted Feng. (Edited by Duan Jing, duanjing@xinhua.org)
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