The country's three state-owned telecommunications providers launched services for the next generation of wireless technologies on Friday.
According to state-run Chinese news agency Xinhua, 5G commercial services are now available in 50 cities, including Beijing, Shanghai, Guangzhou and Shenzhen. In Shanghai, nearly 1
"The scale of its network and the price of its 5G services will have a critical impact on the supply chain as a whole." Bernstein analyst Chris Lane said earlier this week in a research report.
China has more mobile Internet users than any other country. Around 850 million people use their smartphones to surf the Internet. According to Xinhua.
Jefferies analysts predict China will have 110 million 5G users by 2020 – about 7% of the country's population. South Korea launched its 5G network in April, and about 3% of the country's Internet users subscribe to it, according to Jefferies.
The role of Huawei
Huawei, the world's largest manufacturer of telecommunications equipment and a leading smartphone brand, plays an important role in the introduction of the 5G network in China. Europe warns that 5G networks could be hit by government-backed hackers ” data-src-mini=”//cdn.cnn.com/cnnnext/dam/assets/191009090731-5g-technology-europe-restricted-small-169.jpg” data-src-xsmall=”//cdn.cnn.com/cnnnext/dam/assets/191009090731-5g-technology-europe-restricted-medium-plus-169.jpg” data-src-small=”http://cdn.cnn.com/cnnnext/dam/assets/191009090731-5g-technology-europe-restricted-large-169.jpg” data-src-medium=”//cdn.cnn.com/cnnnext/dam/assets/191009090731-5g-technology-europe-restricted-exlarge-169.jpg” data-src-large=”//cdn.cnn.com/cnnnext/dam/assets/191009090731-5g-technology-europe-restricted-super-169.jpg” data-src-full16x9=”//cdn.cnn.com/cnnnext/dam/assets/191009090731-5g-technology-europe-restricted-full-169.jpg” data-src-mini1x1=”//cdn.cnn.com/cnnnext/dam/assets/191009090731-5g-technology-europe-restricted-small-11.jpg” data-demand-load=”not-loaded” data-eq-pts=”mini: 0, xsmall: 221, small: 308, medium: 461, large: 781″ src=”data:image/gif;base64,R0lGODlhEAAJAJEAAAAAAP///////wAAACH5BAEAAAIALAAAAAAQAAkAAAIKlI+py+0Po5yUFQA7″/>