Shenzhen, China’s Silicon Valley, has revealed its development plans to increase internet connectivity and digital economy activity.The richest city in southern Guangdong province intends to build 10,000 5G base stations this year as part of the plan.
Infrastructure Expansion Plan
A digital infrastructure plan was released by the Industry and Information Technology Bureau of the Shenzhen Municipal Government. The plan, according to the South China Morning Post, calls for expanding the use of the Gigabit Ethernet fibre optic network while enhancing 5G mobile services. As a result, China’s southern tech hub will surpass other cities in terms of internet speed.
In order to improve their content delivery networks (CDNs), which are composed of servers deployed across several regions to decrease latency and load times, businesses will also need to develop 5G service industry standards.
Companies are encouraged to employ CDNs to increase consumer speed and satisfaction. The municipal government announced that the city intends to provide residents in some neighbourhoods or important digital economy districts with free cloud storage and internet data.
The government of Shenzhen is targeting about 40% of residential households to adopt 5G connectivity with speeds of at least 1 gigabit per second. This change is a substantial improvement, especially considering that, according to the Ministry of Industry and Information Technology, just 15.6% of all broadband users in China had connections that were faster than 1 Gbps.
Prioritizing Development
Last year, Chinese President Xi Jinping unveiled his plan for the digital economy, which prioritises 5G connectivity. The nation wants to stake a claim to being the largest market for the most popular smartphones, the internet, and e-commerce in the entire world.
Shenzhen is currently concentrating on the essentials of high-quality development and utilising every opportunity to work towards being the greatest tech market in the world. According to the Sierra Leone Times, these designs portray the city’s high-quality growth in a variety of ways.
Shenzhen recently stepped up its efforts to support China’s goal of high-tech self-sufficiency as the city established an international semiconductor and electronic goods supply network.
In the city Qinahai economic zone, a new Electronics Components and Integrated Circuits International Trade Center was constructed as part of China’s plans to transform Shenzhen into a semiconductor and electronics powerhouse.
The business registered on January 3 of last year and has already been issued a business licence valid through December 30, 2022. The starting capitalization of the trading centre is 2.1 billion yuan, or $304 million.
This was initially announced in January of last year by the Ministry of Commerce and the National Development and Reform Commission. It was expected to draw numerous worldwide semiconductor and electronics manufacturers and distributors.
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