According to a new GSMA report, China’s mobile ecosystem added $750 billion in value to the country’s economy last year which was equivalent to 5.5 percent of China’s GDP in 2018. And today, the GSMA Mobile Economy series provides the latest insights on the state of the mobile industry worldwide. Produced by the renowned in-house research team, GSMA Intelligence, these reports contain a range of technology, socio-economic and financial datasets, including forecasts out to 2025.

The report puts forward that Asian operators plan to invest $370 billion to build a new 5G network between 2018 and 2025. The data published today at a special roundtable event in Beijing in the China edition of the GSMA’s Mobile Economy report series featured to discuss the latest developments in the Chinese mobile industry as it enters the 5G era.

Our new report outlines how China’s mobile industry has been a key driver of economic growth, inclusion, and modernization – creating a new generation of digital consumers and transforming the industry and society – Mats Granryd, Director General of the GSMA

The main reports say that about 69 percent of mobile connections in China are smartphones, where the smartphone adoption is expected to reach 88 percent of connections by 2025 while the 4G connection will peak in the coming years as consumers migrate to next-generation mobile services. By 2025 18% of connections will run over 5G networks with new users from the countries like China, India, Pakistan, Indonesia, Bangladesh, and the Philippines.