Beijing to invest over 30 billion yuan on 5G network by 2022

SHANGHAI, Jan 24 (SMM) – The communication operators of Beijing will spend more than 30 billion yuan to build a 5G network across the city by 2022, according to the 2019-2022 5G development plan issued by the city's Municipal Bureau of Economy and Information Technology on Tuesday January 22.

The 5G network will cover the city's core zone, its sub-center, and areas and venues that serve important functions. 5G networks typically boasts high speeds, low latency and improved connectivity.

Beijing aims to develop its 5G-related industry to achieve 200 billion yuan of revenue, driving the scale of the information service industry and the new format industry to exceed 1 trillion yuan by 2022, according to the plan.

It was also reported that China Mobile Communications launched a 5G trial base station in Lijiang on Wednesday, the first in the province of Yunnan.