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MNI POLICY: China Should Show Caution On '5G Fever': Fmr Off'l

China's government should approach 5G investment fervor cautiously, as the existing 'same-gen' technology is still young, despite the vast investment to date , according to Former Finance Minister Lou Jiwei.

Operating costs for 5G will be extremely high and applications for the technology are currently very limited, Lou said recently, addressing an internal seminar of China Economists 50, a think-tank led by Vice Premier Liu He.

Digesting the costs of 5G construction would be a problem ahead, Lou said according to the speech transcript published Wednesday.

Lou warned that China has built infrastructure projects which are too advanced and have increased costs for users and given rise to unsustainable public debt.

MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
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MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
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