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China will speed up the issuance of business licenses for 5G as part of a national plan to boost consumer spending, said a notice issued this week by the National Development and Reform Commission. The decision seems to be multifaceted, as 5G plays a key role in China's attempt to lead the global technology race and one of its biggest 5G champions, Huawei, has been facing problems worldwide.
In its statement, the economic regulator calls on local governments to support the promotion and presentation of services using high-speed network technology. Ultra-high definition televisions, virtual reality / augmented handsets and other futuristic products will be eligible for government funding, although the regulator has not defined the detailed criteria.
The acceleration of 5G licenses comes as Beijing faces a weakening of the national economy, a decision that "will boost demand with improved technological experiences on multiple devices, the automotive industry and manufacturing using 5G technology," he said. Neil Shah, director of research at Counterpoint Research, at TechCrunch. According to estimates of the Chinese Academy of Information and Communication Technology, the 5G is expected to generate 6.3 billion yuan ($ 947 billion) of economic output and 8 million jobs in China from here 2030.
Beijing is preparing to become the world leader in next-generation network technology, dedicating resources to 5G research and infrastructure. But it was hit by a slowdown abroad as Western countries were increasingly wary of the threat posed by Chinese spies posed by Chinese 5G equipment. A staggered national campaign could therefore help neutralize some of the global setbacks facing its 5G crown jewels such as Huawei.
The United States and Australia have banned local companies from buying equipment in Huawei, and Canada and the United Kingdom are currently considering the possibility of using manufactured 5G parts by the Chinese giant telecommunication equipment. Meanwhile, Huawei faces a list of US criminal charges for stealing state secrets and his financial chief, Meng, is accused of bank fraud.
"The purchase of 5G licenses is expected to indirectly help Huawei gain a competitive advantage over 5G, knowing that it will provide solutions to the world's largest mobile phone market, China," said Shah, of Counterpoint. "This also gives Huawei a first platform to introduce its technology to the world and attract more global companies."
Huawei continued its efforts in favor of 5G despite the persistence of a series of global problems. Last week, the Shenzhen-based conglomerate unveiled a 5G chipset for multiple commercial uses on smartphones, at home and at work. The chip, dubbed Balong 5000, will be launched in February at a technology fair in Barcelona.
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