The Mobile Economy China 2020
2019 was a pivotal year for China. The country was one of the first globally to launch 5G services. With operators and enterprises forging ahead in the development of 5G services, and growing consumer excitement, China has cemented its position as a global leader in 5G.
China will account for 70% of global 5G connections in 2020, and 5G adoption will grow to just under 50% by 2025, placing the country among the leading nations along with South Korea, Japan and the US. To support this generational shift and drive consumer engagement, Chinese operators are expected to invest more than $180 billion between 2020 and 2025 in mobile capex, roughly 90% of which will be on 5G networks.
Meanwhile, mobile continues to make a significant contribution to the Chinese economy. In 2019, mobile technologies and services generated $759 billion of economic value added (5.4% of GDP) across China. This figure will surpass $900 billion by 2024 as the region increasingly benefits from the improvements in productivity and efficiency brought about by the increased take-up of mobile services.