China’s Internet of Things (IoT) connections are expected to exceed 3 billion this year, solidifying its position as a leader in global IoT infrastructure development. The country is on track to build over 4.3 million 5G base stations to support IoT operations.
China’s digital economy is projected to surpass 70 trillion yuan ($9.84 trillion) in annual output, growing at a rate exceeding 20 percent. Nearly a million enterprises are now equipped for the advanced digital economies.