Biz / Tech

5G to create more jobs and business opportunities

Zhu Shenshen
Industry association says costs will come down in a short period and the new network will benefit enterprises, individual consumers and the whole economy. 
Zhu Shenshen

5G will create more jobs and business opportunities for enterprises, besides bringing faster Internet access for consumers, GSMA said on Wednesday in Shanghai.

Fueled by 5G, the mobile industry will contribute 6 billion yuan (US$869 million) to China’s GDP by 2035, compared with 5.2 trillion yuan or 5.5 percent in 2018, according to the industry association which represents 750 mobile operators around the world including China Mobile.

China will issue 5G license “in the near future,” the government said on Monday. 

“It not only brings benefits for consumers, but for enterprises and the whole economy,” said Joe Guan, GSMA China’s head of policy.

Up to 2018, the mobile business had created 8.5 million jobs in China, and it is expected to create more in the future, the association said.

The cost of 5G phones and data traffic will become “affordable” in a short period, making 5G more accessible to consumers, Guan added.

The Mobile World Congress Shanghai, one of the biggest telecommunications shows in China, will be held this month. 

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