global economy

5g will boost global GDP growth by 7.4% from 2020 to 2035 From China Mobile

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At noon on February 23, Yang Jie, chairman of China Mobile, delivered a keynote speech at MWC Shanghai. Yang Jie said that the economy and society are accelerating into the era of digital intelligence. Digital intellectualization is a new growth mode created by the combination of indexation and intellectualization. It is a new growth mode based on the classical growth model driven by traditional factors such as labor and capital, which further introduces two elements of information technology and data.

He quoted data as saying that from 2020 to 2035, 5g alone will boost the global GDP growth rate by 7.4% and create a total economic output of US $13.1 trillion. It is estimated that China’s information service market will reach 20.4 trillion yuan by 2025.

Facing the future, China Mobile’s strategy is to promote the transformation of business development from communication service to information service, business market from TOC to chbn, development mode from resource element driven to innovation driven, and promote online, intelligent and cloud.

Yang Jie pointed out that facing the future, China Mobile will strive to achieve “five new breakthroughs”.

First, new breakthroughs have been made in the scale of development, constantly meeting the needs of information services for billions of customers, accelerating the expansion from information interaction between people to intelligent alliance of all things, and achieving a substantial growth in the scale of revenue and connection.

The second is a new breakthrough in structural adjustment. We will build a complete business layout and integrated product system for chbn, build basic services such as 5g news, broadband TV, 5g private network, and key platforms such as digital life rights supermarket and digital industry “9 one”, so as to greatly increase the proportion of information services.

Third, we have made new breakthroughs in scientific and technological innovation capabilities, continued to lead the development of 5g, 6G and other new generation network information technology, strengthened the forging of key capabilities in aicde, blockchain and other digital intelligence fields, and significantly enhanced the technological influence and product innovation.

The fourth is a new breakthrough in operation efficiency. It is necessary to build a “technology + business + data” smart platform with the characteristics of operators and China Mobile, namely AAAs (capability as service) platform, to accumulate capacity, support development, and focus on intelligence and empowerment, so as to promote the company’s digital intelligence operation and the whole society’s digital intelligence transformation.

Fifth, we should make new breakthroughs in the system and mechanism, strengthen cooperation with universities and scientific research institutes, build national laboratories and joint research institutes, set up “special zones” for digital and intelligent talents, and build a first-class digital and intelligent innovation platform and a high-end talent team.

More reading: 5g Economy: how 5g will affect the global economy (with download) January 2019 China Mobile: white paper on 5g terminal products (with download) China Mobile: white paper on new 5g smart cities in 2020 (with download) China Mobile: China 5g industry development and investment report China Mobile: white paper on new 5g smart cities in 2020 (with download) China Mobile: 5g + industrial Internet application scenarios white paper (attached with download) China Mobile: 5g + ecological integration trend insight report (attached with download) IHS Markit: 5g economic report in the post-covid-19 Era Year on year decrease of 0.3% China Mobile: in 2020, the 4G network coverage of China’s administrative villages has exceeded 98%. China mobile financial report: in August 2020, China Mobile’s net customers decreased by 473000. China mobile financial report: in the first half of 2020, China Mobile’s net profit was 55.77 billion yuan, a year-on-year decrease of 0.5%. Operation data inventory of China’s three major telecom operators in October 2019

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