News News

5G will drive China's digital economy: Consultant

日期: 2019-04-25
浏览次数: 3

5G technology will become the new growth engine for China's digital economy, providing a solid foundation for the country's artificial intelligence (AI) development, according to market consultancy IDC.

The fifth-generation mobile network will play an increasingly important role in driving China's economic growth, with its contribution expected to increase from 0.1 percent in 2020 to 5.8 percent by 2030, it said.

The digital economy will be the core in the future and China is working actively on that, Kitty Fok, managing director of IDC China, said on Tuesday at IDC Directions 2019 in Shenzhen.

By 2022, the digital economy is expected to take up 60 percent of the world's economy. The percentage for China is projected to be even higher, 65 percent.

Artificial intelligence is an important part of the digital economy and 5G offers strong support for its commercial application, said Zhong Zhenshan, vice-president of enterprise research at IDC.

While 5G's super-fast speed and low latency characteristics can support such applications as intelligent manufacturing and autonomous driving, it also can provide more data for AI development, he said.

At the present time, 20 percent of users say the lack of effective data is the major challenge they face in developing AI models.

The commercialization of 5G technology will make data collection and flow much easier, thereby promoting AI development, he said.

According to IDC, the global AI market reached $24 billion in 2018, with China accounting for 9.2 percent.

'In the current stage, most of China's 5G spending is on hardware, as it needs to build infrastructure. In the next 10 years, 5G's contribution to the country's GDP will come more from the application side,' Zhong added.


Share to:
News / Recommended news More
2020 - 05 - 22
Yangshan Special Comprehensive Bonded Area was officially unveiled on Saturday, marking another major step forward in China in terms of a deepened and overall opening-up.Located in the Lingang Special Area of the China (Shanghai) Pilot Free Trade Zone, Yangshan was approved by the State Council on Jan 17 to be upgraded into a special comprehensive bonded area, which is the only one of its kind in ...
2020 - 05 - 07
Shanghai is doubling down on digital exhibitions by forming a digital expo company in partnership with Alibaba Group.A cloud-based new vehicle launch was held on Thursday, with a parallel offline event attended by the city's Party Chief Li Qiang to commemorate the debut of the joint venture between the e-commerce giant and the Council for the Promotion of International Trade in Shanghai.A combinat...
2020 - 04 - 29
BEIJING - China's production of non-ferrous metals kept steady growth during the first quarter, the China Nonferrous Metals Industry Association said Tuesday.Output of non-ferrous metals hit 14.17 million tons, up 2.1 percent year-on-year.Weighed down by the novel coronavirus epidemic, profits of major non-ferrous metal companies dived 31.4 percent year-on-year to 15.3 billion yuan ($2.19 billion)...
2020 - 04 - 28
BEIJING -- Profits of China's major industrial firms dropped in the first quarter (Q1) of 2020 with signs of improvement in March amid efforts to coordinate COVID-19 containment and economic growth, data from the National Bureau of Statistics (NBS) showed Monday.Profits of industrial companies with annual revenue of more than 20 million yuan (about $2.83 million) totaled 781.45 billion yuan in Q1,...
Phone: 86-510-85750782 
Zip code:214031
Address: Room 3606, Block A, Yunhe East Road 555, Wuxi, Jiangsu Province, China
Copyright ©2018 - 2021 Leonzon International Trading Co., Ltd.
犀牛云提供企业云服务