China leading the way when it comes to 5G

Posters about 5G technology by China Mobile on the 2nd World

"Consequently, China and other countries may be creating a 5G tsunami, making it near impossible to catch up", the report said.

China built around 350,000 new cell sites over this period, compared to fewer than 30,000 for the US.

According to a report published by usa consultancy firm Deloitte on Tuesday, China has now 10 times more sites to support 5G wireless communication than the United States, and its mobile phone companies added more sites in just three months last year than the U.S. has done in the previous three years in total.

China's economic commitment to 5G makes it a formidable competitor, the report said.

The report found that since 2015, China has outspent the United States by $24 billion total.

"We predict that 5G will expand the network effect dramatically by extending the reach of the internet to nearly any kind of connection, by nearly any kind of device, anywhere a wireless signal can reach", said. Deloitte's Dan Littmann said that in order for the U.S. to stay competitive in the race, "swift actions must be taken".

"The ongoing pattern of steep declines in what customers pay per MB of mobile data makes the new investment needed for 5G hard for many carriers to support", the report says.

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Countries who are first to adopt 5G will likely see greater and more sustained macro-economic benefits, given the network effects associated with adding billions of devices to the 5G network.

Infrastructure joint venture China Tower added around 460 sites per day in 2017, suggesting that United States tower companies and operators added fewer sites in the last three years than China Tower added in three months.

On research, the United States is thought to be out front. It is important to note that total 5G adoption won't be immediate and will require new technologies, but business leaders can expect their digital models to change as 5G becomes common place. And it helps that the country won the race for 4G earlier this decade.

It's clear what the USA stands to gain from 5G investments: "Being first to LTE afforded the United States macroeconomic benefits as it became a test bed for innovative mobile, social, and streaming applications", the report says.

Another report dubbed China's lead in the 5G race the "China Surge" and noted that China has the potential to lead through 2021.

U.S. wireless providers like Verizon and AT&T, CNN's parent company, have said they'll launch 5G technology in select markets by the end of 2018.

Beijing plans to deploy 5G on a large commercial scale by 2020.

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