5G market to add $260b to Chinese economy in 2030

5G’s contribution to GDP in China is expected to reach almost $260 billion in 2030, which is 23 per cent of the overall yearly economic impact of mobile in China. Also, by 2030, 5G connections in China will account for nearly a third of the global total, with 5G adoption in China reaching almost 90 per cent, making it one of the leading markets globally.

Director-General of the GSMA, Mats Granryd, said: “It is great to see China, the world’s largest 5G market, commit so enthusiastically to the GSMA’s Open Gateway initiative to help drive the growth and maturity of the technology. As China surpasses one billion 5G connections this year, we expect to see further investment and potential in evolutions such as 5G-Advanced, 5G New Calling and 5G RedCap to improve user experience and unlock new revenue streams for operators.”