Beijing launches $4.4b plan to gain edge in commercialization of 5G tech

The Beijing municipal government's plan to invest at least 30 billion yuan ($4.44 billion) by 2022 to build 5G networks will help the capital gain a lead in commercializing the superfast technology and expedite pioneering applications such as self-driving vehicles and remote healthcare, experts said.

Xiang Ligang, a telecom expert and CEO of industry website Cctime, said Beijing boasts a sound base in tech enterprises and talents, and coupled with the new favorable policies, they will help drive the city to the forefront of China's advances in the application of next-gen wireless technology.

"It is worth noting that Beijing attaches huge importance to breakthrough in high-end 5G components, which is the primary and essential foundation for a thriving telecom industrial chain," Xiang said.