5G rollout happens throughout the entire world, and even though there was a small backlash from the communities and a few conspiracy theories along the way, it’s not a secret that this particular technology will open up many opportunities for us as a human race.
Technology has to keep advancing, it’s what keeps the world turning. In this article we’ll talk about China’s accelerated 5G rollout and how it helped ZTE reach new heights. Let’s take a look at what you should know.
The results of China’s accelerated 5G rollout
“Simply making it faster” is not what this is all about. The adoption of 5G technology is something that will boost the need for certain battery and electronic metals. However, China managed to deal with this and now they are greatly accelerating the 5G infrastructure construction. All this resulted in a huge success for China’s titan ZTE, a corporation responsible for telecommunications and information technology.
ZTE’s success spike is measured in numbers. This is a company that’s listed for open stock trading on the HK Stock Exchange, and upon the release of the news, their stock raised more than eight percent in price during the Monday trading. But, other successes were achieved as well. You can read more about ZTE 5G at lightreading.com.
ZTE achieved some impressive numbers in terms of contracts they landed for China’s massive 5G program. According to the statistics, both ZTE and well-known titan Huawei managed to score more than eighty percent of all 5G-related contracts in China. The other twenty or so percent were shared between smaller players such as Datang Mobile and Ericsson.
Another thing worth mentioning is that all analyses show ZTE made a heroic move of going “all-in” into 5G, and now their “bet” has paid off greatly. Did you know that China is responsible for slightly more than forty percent of all telecom global telecom equipment on the markets? Huawei sits on the first place with about thirty percent and ZTE with more than eleven percent. China is definitely outpacing the market in this field.
Perks of 5G technology and why China “thinks one step ahead”
At this point it’s pretty clear that China is winning the race when it comes to 5G. The world-famous companies such as Huawei and ZTE are dominating the field and putting out huge numbers. A lot of people believe that China winning this race will be a good thing for the entire world. Is this really true? Let’s see.
Other countries at the moment are facing a lot of delays and obstacles for 5G infrastructure installation. The global covid-19 pandemic made it a lot more difficult as well. But, China seems to be heavily invested in this idea. Why?
According to experts, China pushed this program with huge force for a reason. Despite the backlash from the community, 5G is going to be one of the most useful and widely used tools in the next couple of years. The connection with vehicles and all the other opportunities 5G allows for are priceless.
As far as history shows, China has always been a country that was able to view the bigger picture. China’s decisions are here for the long-term. They are here to stay. And, all this is backed up by the fact that China currently has the most 5G users compared to any other country. Once again, despite the backlash, other countries will soon follow this track, but it doesn’t matter as China is very close to winning this race for good. For example, Beijing has already full 5G coverage, and that’s their second city to achieve this.
Huawei continues to spread around the world
When you take a look at the numbers shown above in this article, China (with the help of ZTE and Huawei) is still the main global supplier in this field.
Winning this race is significant for China as it will spark even more will in innovators to become better and follow the lead. China has been developing quickly, it’s not a secret, and they can soon become the number one country in the technology field if such successes keep adding up one after another.
Some experts think of this as a global success. A success for the entire race. If China inspires innovators, it means we’re all moving forward.
5G Adaptation and further usage
A lot of governments across the world are considering 5G. Some are slower in their decisions, and some have already been one step ahead this entire time, China being on the first spot. But, now we see a huge surge of interest despite some of the negative news we hear. Tech experts suggest 5G implementation will boost power of AI’s in factories, massively increasing production and development in certain fields.
Adapting before the others do is a crucial thing to do in today’s fast-paced digital world. In 2020, somewhere around October, China had almost 700.000 5G base stations. This was also the period when some countries weren’t even considering installing 5G.
5G technology will boost our race’s successes by a lot. However, implementation and adoption weren’t going as smoothly as we would like. The covid-19 pandemic managed to cause a lot of interruptions, but even then, China’s program has been on the rise. ZTE and Huawei landed more than eighty percent of all contracts regarding the 5G program, with ZTE’s stock rising more than eight percent last Monday. Learn all about it in the article above. Thank you for reading.