China's investment in 5G technology is expected to exceed one trillion yuan ($145 billion) in the next five years, driving the total economic output to more than 10 trillion yuan, People's Daily reported on Wednesday.
China is projected to invest $184 billion on 5G by 2025, accounting for 49.73 percent of Asian mobile operators' $370 billion investment in 5G networks building between 2018 and 2025, according to a report The Mobile Economy Asia Pacific 2019 by Global System for Mobile Communications Alliance (GSMA).
China is currently testing 5G across all major cities and provinces ahead of commercial launches next year and it is forecast that 28 percent of the country's mobile connections will be running on 5G networks by 2025, accounting for about a third of all 5G connections globally by this point, the report said.
China's telecom operators are projected to invest more than 220 billion yuan on 5G equipment and the expenditure on 5G equipment by all industries is expected to surpass 54 billion yuan in 2020, according to a white paper on 5G's economic and social impact by the China Academy of Information and Communications Technology (CAICT).
The information consumption driven by 5G commercialization in the country will exceed 8 trillion yuan from 2020 to 2025, directly driving the total economic output to 10.6 trillion yuan, said Liu Duo, president of the China Academy of Information and Communications Technology.
Defense Department employees have procured thousands of printers, cameras and computers that carry known cybersecurity risks, and the practice may be continuing, according to an audit released Tuesday by the Pentagon’s inspector general.
More than 9,000 commercially available information technology products bought in fiscal 2018 could be used to spy on or hack U.S. military personnel and facilities, the report said. Without fixing oversight of such purchases, more risks lie ahead, potentially including perils for top-dollar weapons that use such “commercial-off-the-shelf” or COTS devices.
The auditors also wrote that the Pentagon has a pattern of buying products from companies such as Huawei, ZTE or Kaspersky Lab long after other federal agencies have identified the companies as posing cybersecurity risks and right up until the point that Congress outlaws purchases from the companies.
What’s more, the report said the department’s list of approved commercial products still includes some that can pose cyber-risks, including computers made by Lenovo Group, China’s largest computer manufacturer, whose products contain cyberespionage hardware and software, according to U.S. authorities.