GSMA: The number of 5G connections in China will exceed 1 billion this year, and the penetration rate is faster than expected

　　China News Service, Beijing, March 26 (Reporter Liu Yuying) The Global System for Mobile Communications Association (GSMA) released the "China Mobile Economy 2024" report in Beijing on the 26th. According to the report, the number of 5G mobile connections in China currently exceeds 800 million, and the total number of 5G connections will further climb to more than 1 billion by the end of the year.

　　The report states that thanks to rapid network deployment and mature terminal ecosystem, 5G penetration in China is growing faster than expected. The number of 5G mobile connections in China currently exceeds 800 million. In 2024, the proportion of 5G connections is expected to rise from 45% to more than 50%, becoming China's dominant mobile technology, and the total number of 5G connections will further climb to more than 1 billion by the end of the year.

　　China's 5G market is increasingly mature, bringing broader connections and greater economic value. The report predicts that in 2030, 5G’s contribution to China’s GDP is expected to reach nearly US$260 billion, accounting for approximately 23% of the mobile industry’s overall annual contribution to the Chinese economy. In addition, by 2030, China's 5G connections will account for nearly one-third of the world's total 5G connections, and China's 5G penetration rate will approach 90%, making it one of the world's leading markets.

　　The report believes that the entire mobile ecosystem currently provides nearly 8 million jobs in China and contributes US$110 billion in annual tax revenue, of which operator revenue will reach US$225 billion in 2023. By the end of 2030, the annual contribution of China's mobile industry to the overall economy is expected to exceed US$1 trillion.

　　GSMA President Mats Granryd said that as the number of 5G connections in China exceeds the 1 billion mark this year, 5G Advanced (an evolved and enhanced version of the 5G network), 5G New Call, and 5G RedCap (5G lightweight technology) are expected to Areas such as this will further unlock potential and receive more investment, thereby continuously improving user experience and unlocking new revenue sources for operators. (over)