China’s 5G market is set to add almost $260 billion to the Chinese economy in 2030 with connections set to top 1 billion this year

Ahead of the GSMA’s Post MWC Sharing Event in Beijing, the GSMA has launched the Mobile Economy China 2024 report. The report forecasts that more than half of Chinese mobile connections will be 5G by the end of 2024. 5G’s contribution to GDP in China is expected to reach almost $260 billion in 2030, which is 23% of the overall annual economic impact of mobile in China. Also by 2030, 5G connections in China will account for nearly a third of the global total, with 5G adoption in China reaching almost 90%, making it one of the leading markets globally.  

Mats Granryd, Director General of the GSMA, said: “It is great to see China, the world’s largest 5G market, commit so enthusiastically to the GSMA’s Open Gateway initiative to help drive the growth and maturity of the technology. As China surpasses 1 billion 5G connections this year, we expect to see further investment…