5G first in China’s investments

Four ministries issued September “Guiding Opinions on Expanding Investment in Strategic Emerging Industries and Cultivating Strengthened New Growth Points and Growth Poles.” As you can see below, 5G was the top recommendation.

The National Development and Reform Commission, Ministry of Science and Technology, Ministry of Industry and Information Technology, and the Ministry of Finance came together to suggest priorities for the 14th Five-Year Plan.

No surprise here. The Chinese press has been overwhelmed for months with the economic stimulus that will be provided by 5G. Western commentators often make the same claim, based on Qualcomm claims of a $13 trillion boost. This is of course nonsense, but everyone in telecom is happy to see the support.

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