Nation takes the lead in 5G technology

China has cemented its position as a global leader in fifth-generation wireless technology, with the nation expected to account for 70 percent of global 5G connections in 2020, according to an international association of mobile operators.

Despite the short-term headwinds from the novel coronavirus outbreak, China's telecom operators, industrial enterprises and consumers remain enthusiastic about the superfast technology, said the Global System for Mobile Communications Association.

In its latest report, the association forecast that Chinese operators are expected to invest more than $180 billion between 2020 and 2025 in mobile networks, around 90 percent of which will be on 5G networks.