Tech Sector is Eating the World

Deloitte depicted, in a recent report, the reasons why China is leading, and warn that countries that adopt 5G first “are expected to experience disproportionate and compounding gains in macroeconomic benefits caused by “network effect.”

According Deloitte “Since 2015, China outspent the United States by $57 billion in wireless communications infrastructure and built 350,000 new sites, while the US built fewer than 30,000.

The gap is only set to grow. China’s five-year economic plan specifies a further $400 billion in 5G-related investment. Consequently, China is creating a 5G Tsunami and making it near impossible to catch up.”

- Deloitte: US TMT Deployment Imperative - 5G: The chance to lead for a decade