China to lead APAC tech spend, 5G race ahead of global markets โ ZDNet
What happened: China is expected to spend $256 billion on technology goods and services this year, with 5G to account for 57% of this, according to a report by research firm Forrester. The country has outspent the US in the 5G field by around $24 billion since 2015, with Chinaโs three major telcos unveiling plans to launch commercial 5G networks by next year. The report said that Chinaโs investment in telecommunications would remain robust and it was โbest positionedโ to win the global race in 5G implementations this year.
Why itโs important: Chinaโs lead in the 5G war appears to come from technology, yet it is primarily driven by cash. For instance, Huawei owned 1,529 โstandard-essentialโ 5G patents, more than any of its rivals both at home and abroad. And the companyโs advantage in the design of 5G proceeds from its massive research and development budget, as reported by the Wall Street Journal. The same article said that the US and its allies were setting more barriers to Chinaโs 5G players, especially Huawei, in their 5G network deployments, but that wouldnโt change the underlying truth that technology developed in China would be at the center of the next-generation communications networks.
