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5G, known as the core infrastructure of the Fourth Industrial Revolution, has been surging due to the wide range of applications and application prospects. The communications industry in other countries in the world, especially in Europe, America, Japan, Korea and other countries started earlier and have increased the research and development of 5G technology to grab the first cake of 5G applications.
In this context, the State Council issued the "Guiding Opinions on Further Expanding and Upgrading the Potential of Information Consumption for Sustaining the Demand for Domestic Demand", and pointed out that the fifth-generation mobile communication standard research, technical trials, and industrial advancement should be accelerated, and the commercialization of 2020 will start. In the face of competition from countries such as Europe, America, Japan, and South Korea, the country attaches great importance to 5G. Chinese enterprises have invested heavily in R&D and layout of 5G technologies and network applications, and thus occupy the leading position of the entire industry chain.
According to the "White Paper on 5G Economic and Social Impacts," predicted by the China Institute of Information Technology, by 2030, 5G-driven direct and indirect output will reach 6.3 trillion yuan and 10.6 trillion yuan respectively. The 5G Commercial Association will promote the growth of revenue in the network equipment, terminal equipment and information services industries. In addition, the demand for fiber optic cable is expected to usher in a surge.