China's 5G infrastructure investment will reach 400 billion US dollars by 2030

Recently, at the 2019 China Consumer Technology Trends Forum and the Guangdong Hong Kong Macao Greater Bay Area (Zhuhai) Investment Environment Promotion Conference, Lou Chao, Chief Analyst of the Chinese Consumer Goods Industry at Morgan Stanley Asia, released a report.
 
 
The report predicts that from this year to 2030, China's total investment in 5G infrastructure will reach 400 billion US dollars, and the total investment in IT equipment related to cloud devices may reach 300 billion US dollars.
 
In addition, by 2030, the number of IoT devices may reach 16 billion, which is five times higher than now; The number of new energy vehicles is expected to reach 8.4 million, and the smart home appliance market is expected to reach 1.6 trillion yuan.
 
In the next five years, the sales revenue of the entire home appliance industry will grow at a rate of 6%, while the compound annual growth rate of smart home appliances is 15%. By 2030, the penetration rate of smart home appliances will increase from the current 20% to 100%, with a market size of 1.6 trillion yuan.