China is expected to reach a 5G adoption rate of 90% by 2030, making it a world leader in this space, according to the GSMA’s Mobile Economy China 2024. The report predicted that by the end of this year, the county will surpass 1 billion 5G connections and that by 2030, the number will soar to 1.6 billion connections, contributing $260 billion to China’s GDP.
Additionally, the report found that mobile data traffic in China is expected to quadruple by the end of the decade and that there are now 1.28 billion unique mobile subscribers in China, representing a penetration rate of 88%. Further, the advanced cellular ecosystem now supports almost 8 million jobs in China and contributes $110 billion a year through taxation, and in 2023, operator revenues reached $225 billion. By the end of the decade, the annual economic contribution from China’s mobile sector is forecast to exceed $1 trillion, predicted the GSMA.
