BEIJING, May 15 (Xinhua) -- China's 5G infrastructure will embrace an investment surge in the next few years, according to the report of Economic Information Daily.
Representing "new infrastructure" of high-quality development, the 5G sector will attract nationwide investment of 1.2 trillion yuan (about 175.53 billion U.S. dollars) in the next few years, the paper reported.
By 2030, the sector will directly contribute to around 6 percent of China's GDP, the paper said.
China Mobile, China Unicom and China Telecom, the country's three telecommunications giants, will have an investment budget of 34.2 billion yuan on 5G infrastructure construction in 2019.
The commercial use of 5G is expected to directly generate an economic output of 10.6 trillion yuan during 2020-2025, Zhang Chunfei, a senior researcher of the China Academy of Information and Communications Technology, told the paper.
The paper reported that local governments of more than 10 municipalities and provinces, including Beijing and Zhejiang, have introduced policies this year to support 5G development.