China's 10 industries' outlooks for 2024

Digital economy and 5.5G

China has built the world's largest 5th generation mobile communication technology network in 2023. As digital infrastructures such as computing power centers, Internet Protocol Version 6, and Beidou Satellite Navigation System further improve, the data resources will provide an important engine for industries for intelligent, green and integrated transformation and upgrading.

In 2024, the 5.5G network equipment construction will be on the way. Huawei and big three telecom operators, namely, China Mobile, China Unicom, and China Telecom, are actively participating in trials and deployments, and a number of equipment suppliers plan to launch the 5.5G commercial devices in 2024.

Moreover, some local governments have released forward-looking polices in computing power, satellite internet, and industrial internet.