International Finance

China’s 5G high-speed mobile network largest in the world

China 5G_IFM_Image
By the end of February, China has built 792,000 5G base stations

According to the Chinese government, it has rolled out the world’s largest 5G high-speed mobile network. China’s 5G network coverage and user scale have increased significantly, Liu Liehong, vice minister of industry and information technology (MIIT), said during a press conference.

By the end of February, China has built 792,000 5G base stations and the number of 5G terminal connections had reached 260 million. Liu Liehong further said that telecom companies in China have worked hard to overcome the impact of the Covid-19 epidemic and accelerated the construction of 5G networks since 5G has been commercialised more than a year ago.

Last year, it was reported that China is planning to build around 30,000 new 5G base stations in its Gansu province by the end of 2022. By the end of last year, the province had only 8509 5G base stations, which means only 24 percent of the residents in the province had access to 5G network.

The Gansu province, which lacks behind in terms of investors appeal is gearing up to make the region an attractive destination for industrialists and investors. It is also reported that the province also put into operation 5G-powered unmanned mining trucks in 2020, which can be operated remotely to eliminate the risks associated with miners.

Last year, China announced that it has already installed around 700,000 5G base stations in 2020. Originally, the plan was to install around 500,000 base stations; however, China exceeded its target.

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