The Chinese government is actively working to restart production at local factories. Measures have been taken to help the industries hardest hit by the coronavirus response, with particular emphasis on the 5G sector in the hope that next-generation networks will be a catalyst for growth.
China is now in full swing trying to increase production at all levels in order to ease the effects of social anxiety caused by city quarantines, travel restrictions, and labor and material shortages. In most industries in China, recovery rates of production capacity have reached 60% or even more than 70% compared to the end of February, while there is every chance that by the end of March the resumption of production will reach 90% or more.
However, China's central government reiterated that the country should also speed up the construction and deployment of 5G and other new infrastructure in order to speed up the recovery of the national economy hit by the virus. China also wants 5G networks to deepen integration with industries such as manufacturing, healthcare and education, and demands that local cellular operators develop new 5G applications and services using lessons learned from recent efforts to contain the pandemic.
By the beginning of February 2020, three Chinese telecom operators had put into operation 156 000G base stations, and it is planned to deploy up to 5 550G base stations by the end of the year. By 000, China's total investment in 5G infrastructure and networks will reach 2025 trillion yuan ($5 billion). In addition, huge government-backed investments in 1,2G are likely to attract three times as much additional investment from related industries.
The next phase of China's efforts to reset the economy will include measures to stimulate demand for 5G smartphone replacements, such as subsidies for the purchase of new phones. Chinese phone makers, taking advantage of the rapidly growing 5G infrastructure and the possibility of government subsidies, are aiming to develop 5G phones priced under RMB 3000 (~$424) to significantly expand the market base for the new segment.
The China Academy of Information and Communications Technology (CAICT) expects 5G commercial operations to generate an indirect return of 24,8 trillion yuan (about $3,5 trillion) in 2020-2025 in terms of economic output.
Source: 3dnews.ru