In 2020, China aimed to position itself as a global leader in the 5G era. The fifth generation of mobile networks is not just significantly faster than its predecessor, 4G, but also brings revolutionary changes in connectivity and performance. According to the International Telecommunication Union (ITU), 5G was defined with three main application scenarios and eight key performance indicators. One of the most impressive features is the user experience rate, which can reach up to 1 Gbps—1,000 times faster than 4G. Beyond that, 5G introduces two other groundbreaking capabilities: ultra-low latency and high reliability, along with massive device connectivity and low power consumption.
With a latency as low as 1 millisecond, even on high-speed trains traveling at 500 km/h, 5G enables precise remote synchronization. This makes it possible for emerging technologies like autonomous driving, vehicle networking, and industrial automation to thrive on a solid network foundation. Additionally, 5G can support up to one million sensors per square kilometer, making large-scale data collection and processing feasible. This paves the way for smart cities and the Internet of Things, bringing them closer to reality.
China’s 5G development strategy was divided into two phases: from 2015 to 2018, the focus was on technology research and testing, while 2018 to 2020 was dedicated to product development and testing. Currently, China is in the "succession" phase of 5G R&D, where the emphasis is on verifying the performance of 5G networking and demonstrating typical 5G services. This stage lays the groundwork for future enterprise product testing and commercial deployment.
Over the past two decades, China's mobile telecommunications industry has made remarkable progress, moving from "following in 2G," to "breaking through in 3G," and finally achieving "synchronization in 4G." Now, as 5G approaches, China is determined to lead the global 5G revolution by 2020. It's an exciting time!
Another major development is the arrival of "WiFi flights." No longer will passengers be cut off during long-haul flights. China Eastern Airlines has started offering WiFi on many of its routes, allowing travelers to send messages, check emails, and post to social media while flying at 10,000 meters. New Boeing 777 aircraft come equipped with WiFi, and older models like the Boeing 767 and Airbus A330 have been retrofitted to support this feature.
To use the in-flight WiFi, passengers need to switch their devices to flight mode, disable cellular data, and enter their seat number and the last four digits of their ID in the browser. After a quick reservation, they can enjoy the service. Initially, only 50 free WiFi sessions were available per flight, but now that number has increased to 100. This is a significant milestone for Chinese civil aviation, aligning it with international standards.
Meanwhile, Visa's CEO, Alfred Kelly, recently stated that Bitcoin is not a real currency and that the company would not process any cryptocurrency transactions. He emphasized that Visa deals only with legal currencies, not digital assets like Bitcoin, which he views more as a speculative commodity than a true payment system. Bitcoin, created through a decentralized mining process, relies on powerful computers solving complex algorithms to validate transactions and record them on a shared blockchain ledger.
On a different note, Huawei's founder, Ren Zhengfei, took personal responsibility for management failures within the company. In a report issued in January 2018, several top executives, including Ren himself, were fined for business quality accidents and fraud in some units. Ren was fined 1 million yuan, while others received fines ranging from 500,000 to 500,000 yuan. The move was seen as a strong statement about accountability and integrity, reflecting Ren's belief in the importance of correcting mistakes and embracing youth and courage.
Finally, the global ODM TV industry survey revealed that Chinese companies dominate the market. While global TV shipments declined by 4% in 2017, the top 15 ODM manufacturers saw a 18.1% increase in shipments. Companies like TPV, Foxconn, TCL SCBC, BOE, and MTC led the growth, thanks to improved technology, fast production, and cost efficiency. As a result, the world is witnessing the rise of Chinese manufacturing in the TV sector, with China becoming the center of global color TV production.
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