China continues 5G push despite economic slowdown and Huawei setbacks

China continues 5G push despite economic slowdown and Huawei setbacks

5 years ago
Anonymous $Dftgs0JzgE

https://techcrunch.com/2019/01/30/china-continues-5g-push/

China will fast-track the issuance of commercial licenses for 5G as part of a national plan to boost consumer spending, said a notice published this week by the National Development and Reform Commission. The move appears to be multifaceted, for 5G plays a key role in China’s bid to lead the global technology race and one of its biggest 5G champions, Huawei, has been facing troubles on a global scale.

In its statement, the economic regulator calls on local governments to support the promotion and showcase of services utilizing the super-fast network technology. Ultra-high definition TVs, virtual/augmented reality handsets and other futuristic products will be eligible for government subsidies, though the regulator didn’t outline the detailed criteria.

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