China steadfast acceleration towards cutting edge 5G technology building Five lakh base stations across the country will inherently offer massive fifth-generation technology Advancements for entire cities based in China. The country underpinned unrelenting optimism in surpassing leading US rival telecom Networks. Beijing, on the other hand have been steadily focusing on building future generation information infrastructure boom and internationally prestigious telecom network by 2025. Countries largest telecommunication giant Huawei technologies emerged as forefront player in China’s 175 Billion USD push to ramp-up fifth-generation networks in a bid to Revitalize fast developing economic growth-engine of China despite prevailing COVID repercussions which led to deteriorating growth potentials of the country governed by the CCP-led regime. Shenzhen based telecom player Huawei technologies have bagged contracts up to 4 Billion USD from Chinese largest network carrier China Ltd., outpacing market competitors like ZTE Corp & Ericsson to win about half of the 5G contracts approved by the operator. Huawei reportedly said to rely on their strong indigenous domestic market potential it possess in the midst of US government, blacklisting the firm for security reasons during May 2019 which is extending till date. albeit, recently US government contemplating on reviving the business deal with Huawei due to survivability in the fast paced 5G global market .
CCP Government firmly believes, Hastening the process could help them revive the plummeting economy and also could prove to be a game changing metrics for innovating disruptive technologies, intrinsically be helpful in E-commerce, Digital banking, AI supported driverless cars, medical imaging, industrial automations and other wide range of large-scale usage application platforms because of the promising fast, low-latency data transfer speeds 5G technology offers enabling high speed networking.
Recently, President Xi-Jinping envisaged 5G as one of the key focus drivers for this government to help resuscitate the falling economy and re-affirmed his extensive support for its operational advantage. This push has been significantly buttressing Huawei and ZTE accounting for 80% influence over 5G infrastructure & simplified license clearances. Not only 5G infrastructure deployment boost , but China now feel, foresights of a proliferating growth in the smartphone segment, mainly 5G handsets. The market took a huge decline year-over-year in the initial phase of 2020 due to the closure of businesses & operations during the coronavirus epidemic.
MediaTek CEO, the world’s second-largest mobile chip developer after Qualcomm had said , the worst is over for China’s smartphone market in 2020. 5G rollout very much imminent during later part of this year. The announcement in this time of pandemic.
About the Author –
Anand Ragavan – an electrical engineer with deep passion towards AI & deep learning. Also, an avid writer who likes to research & write about Geo-politics of US & China. Passionate about free markets & foreign trade . Get to know more about him @ anandaragavan
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